In yesterday’s Wall Street session, Unity Software Inc (NYSE:U) shares traded at $19.80, up 10.06% from the previous session.
U stock price is now -4.59% away from the 50-day moving average and -7.61% away from the 200-day moving average. The market capitalization of the company currently stands at $7.98B.
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With the price target of $20, Wells Fargo recently initiated with Equal Weight rating for Unity Software Inc (NYSE: U). On September 13, 2024, Stifel reiterated its ‘Buy’ rating on the stock by increasing its target price from $20 to quote $25, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, VPARTNERS III (CAYMAN), L.P., Affiliate bought 62,481 shares of the company’s stock on Nov 19 ’24. The stock was bought for $1,189,788 at an average price of $19.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Affiliate VPARTNERS III (ISRAEL), L.P. bought 45,456 shares of the business’s stock. A total of $865,591 was incurred on buying the stock at an average price of $19.04. A total of 28.80% 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 2.41, and a quick ratio of 2.41. The fifty day moving average price for U is $20.6912 and a two-hundred day moving average price translates $21.48825 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for 2024-09-30. The net profit margin was -40.41% and return on equity was -24.72% for U. The company reported revenue of $446.52 million for the quarter, compared to $544.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.95 percent.
