Unity Software (NYSE:U) Issues Quarterly Earnings Results

Unity Software (NYSE:U) announced its quarterly earnings data on Thursday. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.05, Zacks reports. Unity Software had a negative return on equity of 11.30% and a negative net margin of 40.47%. Unity Software updated its Q1 2022 guidance to EPS and its Q1 2025 guidance to EPS.

Unity Software Trading Up 26.8 %

Shares of NYSE U traded up $5.75 during trading on Thursday, reaching $27.22. The company had a trading volume of 48,326,280 shares, compared to its average volume of 10,383,444. The company’s fifty day moving average price is $22.42 and its 200-day moving average price is $20.94. Unity Software has a 12 month low of $13.90 and a 12 month high of $33.43. The stock has a market cap of $10.96 billion, a P/E ratio of -13.45 and a beta of 2.32. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70.

Wall Street Analyst Weigh In

Several brokerages have weighed in on U. Wells Fargo & Company began coverage on Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Needham & Company LLC boosted their price target on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Unity Software in a report on Monday, February 3rd. Benchmark raised Unity Software from a “sell” rating to a “hold” rating in a report on Thursday. Finally, UBS Group boosted their price target on Unity Software from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.81.

Insider Buying and Selling at Unity Software

In related news, Director Tomer Bar-Zeev sold 210,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the sale, the director now owns 967,650 shares in the company, valued at $25,381,459.50. This represents a 17.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark Barrysmith sold 1,395 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $21.68, for a total value of $30,243.60. Following the completion of the transaction, the chief accounting officer now owns 450,881 shares in the company, valued at approximately $9,775,100.08. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 679,264 shares of company stock worth $16,612,383. Insiders own 6.30% of the company’s stock.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.