The price of Unity Software Inc (NYSE:U) shares last traded on Wall Street fell -3.58% to $26.40.
U stock price is now 20.87% away from the 50-day moving average and 26.57% away from the 200-day moving average. The market capitalization of the company currently stands at $10.63B.
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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, Helgason David, Director bought 32,293 shares of the company’s stock on Dec 10 ’24. The stock was bought for $867,628 at an average price of $26.87. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, SVP Product & Technology, Grow The Felix sold 20,000 shares of the business’s stock. A total of $548,600 was realized by selling the stock at an average price of $27.43. This leaves the insider owning 391,960 shares of the company worth $10.35 million. A total of 28.02% 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 $21.7658 and a two-hundred day moving average price translates $20.89185 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.
