Stocks of Unity Software Inc (NYSE:U) traded higher last session on Wall Street, down -1.99% to $24.66.
U stock price is now 10.82% away from the 50-day moving average and 18.75% away from the 200-day moving average. The market capitalization of the company currently stands at $9.93B.
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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, Barrysmith Mark, SVP, CAO and Interim CFO sold 1,228 shares of the company’s stock on Dec 16 ’24. The stock was sold for $30,012 at an average price of $24.44. Upon completion of the transaction, the SVP, CAO and Interim CFO now directly owns 453,638 shares in the company, valued at $11.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer Barrysmith Mark bought 1,228 shares of the business’s stock. A total of $30,012 was incurred on buying the stock at an average price of $24.44. A total of 25.69% 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 $22.1836 and a two-hundred day moving average price translates $20.7773 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. For the current quarter, analysts expect U to generate $433.24M in revenue.
