Unity Software (NYSE:U) Announces Quarterly Earnings Results

Unity Software (NYSE:U) issued its quarterly earnings results 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. The company had revenue of $457.10 million during the quarter, compared to the consensus estimate of $433.47 million. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. Unity Software updated its Q1 2022 guidance to EPS and its Q1 2025 guidance to EPS.

Unity Software Stock Performance

NYSE:U opened at $28.31 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a 50-day moving average of $22.53 and a two-hundred day moving average of $21.08. The stock has a market cap of $11.41 billion, a P/E ratio of -16.85 and a beta of 2.32. Unity Software has a 1-year low of $13.90 and a 1-year high of $33.43.

Insider Buying and Selling at Unity Software

In other news, SVP Felix The sold 11,719 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $24.39, for a total value of $285,826.41. Following the sale, the senior vice president now owns 411,960 shares in the company, valued at approximately $10,047,704.40. This represents a 2.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tomer Bar-Zeev sold 210,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the completion of the sale, the director now owns 967,650 shares in the company, valued at approximately $25,381,459.50. This trade represents a 17.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 762,597 shares of company stock valued at $18,732,374 in the last ninety days. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on U shares. Wells Fargo & Company boosted their price target on Unity Software from $20.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday. Macquarie upped their price objective on Unity Software from $15.00 to $16.00 and gave the stock an “underperform” rating in a report on Friday, November 8th. Needham & Company LLC upped their price objective on Unity Software from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley upped their price objective on Unity Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday. Finally, HSBC upgraded Unity Software from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Unity Software currently has an average rating of “Hold” and an average price target of $25.96.

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.