Unity Software (U) Expected to Announce Quarterly Earnings on Thursday

Unity Software (NYSE:U) will likely be announcing its earnings results 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. Investors that wish to listen to the company’s conference call can do so using this link.

Unity Software Stock Down 0.3 %

U opened at $19.44 on Thursday. The company has a market capitalization of $7.83 billion, a P/E ratio of -9.53 and a beta of 2.32. The stock has a fifty day moving average of $23.13 and a 200-day moving average of $20.75. Unity Software has a fifty-two week low of $13.90 and a fifty-two week high of $35.56. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Insider Activity at Unity Software

In other news, SVP Felix The sold 20,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $27.43, for a total transaction of $548,600.00. Following the completion of the sale, the senior vice president now directly owns 391,960 shares of the company’s stock, valued at $10,751,462.80. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $17.52, for a total value of $4,380,000.00. Following the sale, the director now directly owns 4,248,146 shares of the company’s stock, valued at approximately $74,427,517.92. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 931,154 shares of company stock valued at $21,019,520. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on U shares. Oppenheimer restated a “market perform” rating on shares of Unity Software in a report on Friday, October 18th. Needham & Company LLC upped their target price on Unity Software from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group upped their target price on Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Jefferies Financial Group upped their target price on Unity Software from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Macquarie upped their target price on Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.