Unity Software (NYSE:U) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Unity Software (NYSE:U - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates 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%. The firm had revenue of $457.10 million during the quarter, compared to analyst estimates of $433.47 million. Unity Software updated its Q1 2022 guidance to EPS and its Q1 2025 guidance to EPS.

Unity Software Stock Performance

Shares of NYSE:U traded up $0.31 during midday trading on Friday, hitting $28.31. The company had a trading volume of 39,793,431 shares, compared to its average volume of 11,738,400. 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 company has a market cap of $11.41 billion, a price-to-earnings ratio of -13.88 and a beta of 2.32. Unity Software has a 12-month low of $13.90 and a 12-month high of $33.43. The company has a fifty day moving average of $22.53 and a two-hundred day moving average of $21.08.

Analyst Ratings Changes

A number of equities analysts have recently commented on U shares. Benchmark raised Unity Software from a "sell" rating to a "hold" rating in a report on Thursday. Morgan Stanley raised their price target on Unity Software from $26.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday. HSBC upgraded Unity Software from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock in a report on Friday. Jefferies Financial Group lifted their price objective on Unity Software from $23.00 to $28.00 and gave the stock a "hold" rating in a report on Friday. Finally, Macquarie raised their target price on Unity Software from $15.00 to $16.00 and gave the stock an "underperform" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $25.96.

Insider Transactions at Unity Software

In related news, Director Tomer Bar-Zeev sold 250,000 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.02, for a total value of $6,255,000.00. Following the completion of the transaction, the director now owns 3,648,146 shares of the company's stock, valued at approximately $91,276,612.92. This represents a 6.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Felix The sold 11,719 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $24.39, for a total transaction of $285,826.41. Following the completion of the transaction, the senior vice president now directly owns 411,960 shares of the company's stock, valued at $10,047,704.40. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 762,597 shares of company stock worth $18,732,374 in the last three months. Corporate insiders own 6.30% of the company's stock.

About Unity Software

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.