Unity Software (NYSE:U - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.35) per share and revenue of $433.47 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.
Shares of U opened at $21.57 on Tuesday. The stock has a market capitalization of $8.69 billion, a PE ratio of -10.57 and a beta of 2.32. The company's fifty day moving average is $22.61 and its 200 day moving average is $20.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $35.56.
In other Unity Software news, CFO Mark Barrysmith sold 1,228 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.44, for a total transaction of $30,012.32. Following the transaction, the chief financial officer now directly owns 453,638 shares in the company, valued at $11,086,912.72. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 166,667 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $20.99, for a total value of $3,498,340.33. Following the completion of the sale, the director now owns 3,481,479 shares of the company's stock, valued at $73,076,244.21. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 677,404 shares of company stock worth $16,572,058. 6.30% of the stock is currently owned by insiders.
A number of analysts have recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Unity Software from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Barclays boosted their price objective on Unity Software from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Macquarie raised their price objective on Unity Software from $15.00 to $16.00 and gave the company an "underperform" rating in a research note on Friday, November 8th. Wedbush reissued an "outperform" rating and set a $27.00 target price on shares of Unity Software in a research report on Thursday, February 13th. Finally, Wells Fargo & Company began coverage on Unity Software in a research report on Monday, October 28th. They issued an "equal weight" rating and a $20.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Unity Software presently has an average rating of "Hold" and an average target price of $22.81.
Read Our Latest Report on U
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.
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