Unity Software (U) Expected to Announce Earnings on Thursday

Unity Software (NYSE:U) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Unity Software to post earnings of ($0.35) per share and revenue of $433.47 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Unity Software Trading Up 1.4 %

Shares of U stock opened at $21.82 on Wednesday. The firm has a market capitalization of $8.79 billion, a P/E ratio of -10.69 and a beta of 2.32. Unity Software has a 1 year low of $13.90 and a 1 year high of $33.43. The firm’s fifty day simple moving average is $22.52 and its 200 day simple moving average is $20.93. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.70.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Unity Software in a report on Thursday, February 13th. 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 research note on Monday, January 6th. Needham & Company LLC lifted their price target on shares of Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Macquarie increased 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. Finally, Morgan Stanley raised their price objective 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.81.

Insiders Place Their Bets

In related news, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the transaction, the chief financial officer now directly owns 453,638 shares of the company’s stock, valued at $11,086,912.72. The trade was a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tomer Bar-Zeev sold 210,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.23, for a total transaction of $5,508,300.00. Following the sale, the director now directly owns 967,650 shares in the company, valued at approximately $25,381,459.50. This represents a 17.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 679,264 shares of company stock valued at $16,612,383. 6.30% of the stock is currently owned by insiders.

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.