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

Unity Software (NYSE:U) released its quarterly 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. Unity Software had a negative return on equity of 13.40% and a negative net margin of 36.63%. The firm had revenue of $457.10 million for 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 Price Performance

Shares of NYSE:U opened at $28.31 on Friday. The business’s 50 day simple moving average is $22.53 and its 200-day simple moving average is $21.08. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of -16.85 and a beta of 2.32. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.41 and a quick ratio of 2.41. Unity Software has a 12 month low of $13.90 and a 12 month high of $33.43.

Insider Transactions at Unity Software

In related news, SVP Felix The sold 11,719 shares of Unity Software stock in a transaction that occurred 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 in the company, valued at $10,047,704.40. The trade was a 2.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Helgason sold 7,860 shares of Unity Software stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $26.45, for a total value of $207,897.00. Following the transaction, the director now owns 10,493 shares of the company’s stock, valued at $277,539.85. This represents a 42.83 % 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 in the last quarter. 6.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

U has been the topic of a number of research reports. Barclays raised their price target on Unity Software from $18.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday. Hsbc Global Res raised Unity Software to a “strong-buy” rating in a report on Friday. UBS Group lifted their price objective on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Unity Software in a report on Thursday, February 13th. Finally, Morgan Stanley lifted their price objective on Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Unity Software currently has a consensus rating of “Hold” and an average target price of $25.96.

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.