The price of Unity Software Inc (NYSE:U) shares last traded on Wall Street rose 1.96% to $20.30.
U stock price is now 23.56% away from the 50-day moving average and -18.15% away from the 200-day moving average. The market capitalization of the company currently stands at $8.06B.
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With the price target enhanced from $20 to $25, Stifel maintained Buy rating for Unity Software Inc (NYSE: U). On September 03, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $22, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Helgason David, Director sold 250,000 shares of the company’s stock on Sep 13 ’24. The stock was sold for $5,147,225 at an average price of $20.59. Upon completion of the transaction, the Director now directly owns 8,201,851 shares in the company, valued at $166.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, SVP Product & Technology, Grow The Felix sold 30,000 shares of the business’s stock. A total of $536,803 was realized by selling the stock at an average price of $17.89. This leaves the insider owning 423,679 shares of the company worth $8.6 million. A total of 28.71% of the company’s stock is owned by insiders.
During the past 12 months, Unity Software Inc has had a low of $13.90 and a high of $43.54. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 2.35, and a quick ratio of 2.35. The fifty day moving average price for U is $16.521 and a two-hundred day moving average price translates $24.75665 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for 2024-06-30. The net profit margin was -38.46% and return on equity was -23.93% for U. The company reported revenue of $449.26 million for the quarter, compared to $533.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.79 percent.
