Unity Software (NYSE:U) Announces Earnings Results

Unity Software (NYSE:U - Get Free Report) issued its earnings results on Thursday. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.35) by $0.05, Zacks reports. The firm had revenue of $457.10 million for the quarter, compared to analysts' expectations of $433.47 million. 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 Stock Performance

U traded up $0.31 during trading hours on Friday, reaching $28.31. The company's stock had a trading volume of 39,793,431 shares, compared to its average volume of 11,738,400. Unity Software has a 52 week low of $13.90 and a 52 week high of $33.43. The firm has a market cap of $11.41 billion, a PE ratio of -13.88 and a beta of 2.32. The company's 50-day moving average is $22.53 and its 200-day moving average is $21.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on U shares. Jefferies Financial Group lifted their price objective on shares of Unity Software from $23.00 to $28.00 and gave the stock a "hold" rating in a research note on Friday. UBS Group increased their target price on shares of Unity Software from $21.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. JMP Securities reissued a "market perform" rating on shares of Unity Software in a research note on Monday, February 3rd. Barclays increased their target price on Unity Software from $18.00 to $26.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Macquarie raised their price target on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat, Unity Software currently has an average rating of "Hold" and a consensus target price of $25.96.

Insider Activity

In related news, Director David Helgason sold 7,860 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the completion of the transaction, the director now owns 10,493 shares of the company's stock, valued at $277,539.85. The trade was a 42.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark Barrysmith sold 1,362 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the completion of the transaction, the chief accounting officer now owns 452,276 shares of the company's stock, valued at $9,909,367.16. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 762,597 shares of company stock valued at $18,732,374 over the last ninety days. 6.30% of the stock is currently owned by company insiders.

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.