In yesterday’s Wall Street session, Unity Software Inc (NYSE:U) shares traded at $21.37, up 2.69% from the previous session.
U stock price is now 26.54% away from the 50-day moving average and -12.92% away from the 200-day moving average. The market capitalization of the company currently stands at $8.48B.
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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, Lee Michelle K., Director sold 800 shares of the company’s stock on Sep 18 ’24. The stock was sold for $16,464 at an average price of $20.58. Upon completion of the transaction, the Director now directly owns 7,215 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18 ’24, Director Lee Michelle K. bought 800 shares of the business’s stock. A total of $16,464 was incurred on buying the stock at an average price of $20.58. A total of 28.64% 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 $16.9738 and a two-hundred day moving average price translates $24.49185 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.
