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

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. 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 stock traded up $4.92 during trading on Thursday, reaching $26.39. The stock had a trading volume of 27,967,503 shares, compared to its average volume of 9,672,910. The firm has a market cap of $10.63 billion, a PE ratio of -12.95 and a beta of 2.32. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average is $22.42 and its two-hundred day moving average is $20.94. Unity Software has a 52 week low of $13.90 and a 52 week high of $33.43.

Analysts Set New Price Targets

U has been the subject of a number of analyst reports. Macquarie raised their price objective on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Benchmark upped their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Morgan Stanley increased their target price on Unity Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company began coverage on Unity Software in a research note on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.81.

Insider Buying and Selling at Unity Software

In other news, Director Tomer Bar-Zeev sold 210,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.23, for a total value of $5,508,300.00. Following the completion of the sale, the director now directly owns 967,650 shares in the company, valued at $25,381,459.50. This represents a 17.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Mark Barrysmith sold 8,112 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $24.38, for a total value of $197,770.56. Following the completion of the sale, the chief financial officer now owns 454,866 shares of the company’s stock, valued at approximately $11,089,633.08. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 679,264 shares of company stock worth $16,612,383 in the last three months. 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.