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

Unity Software (NYSE:U) issued its 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 net margin of 40.47% and a negative return on equity of 11.30%. Unity Software updated its Q1 2022 guidance to EPS and its Q1 2025 guidance to EPS.

Unity Software Stock Up 22.9 %

U traded up $4.92 on Thursday, hitting $26.39. The company had a trading volume of 27,967,503 shares, compared to its average volume of 9,672,910. The stock has a fifty day simple moving average of $22.42 and a 200-day simple moving average of $20.94. 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 market capitalization of $10.63 billion, a P/E ratio of -12.95 and a beta of 2.32. Unity Software has a 52-week low of $13.90 and a 52-week high of $33.43.

Insiders Place Their Bets

In other news, SVP Felix The sold 20,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $27.43, for a total transaction of $548,600.00. Following the sale, the senior vice president now owns 391,960 shares in the company, valued at approximately $10,751,462.80. The trade was a 4.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction 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. The trade was a 6.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 679,264 shares of company stock worth $16,612,383. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their price objective on Unity Software from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Benchmark boosted 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 raised their target price on shares of Unity Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Wedbush reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Unity Software in a research note on Thursday, February 13th. Finally, Macquarie increased their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and an average price target of $22.81.

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.