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Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
KB Home Price Weakness is a Signal to Buy this Cash Machine
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
KB Home Price Weakness is a Signal to Buy this Cash Machine
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
Options Trading Plan–Perfect For Beginners (Ad)
A Tech Stock You've Never Heard Of Just Hit The Rally Button
52-week Low Names To Tip The Upside Scale In Your Favor
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
Analysts Went All In On These Computer Stocks, Save Your Spot
Things to know about California's new proposed rules for insurance companies
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
KB Home Price Weakness is a Signal to Buy this Cash Machine
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
NYSE:U

Unity Software (U) Stock Forecast, Price & News

$31.61
-0.12 (-0.38%)
(As of 09/22/2023 ET)
Compare
Today's Range
$31.56
$32.62
50-Day Range
$31.61
$48.51
52-Week Range
$21.22
$50.08
Volume
10.19 million shs
Average Volume
10.51 million shs
Market Capitalization
$12.12 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$43.69

Unity Software MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
38.2% Upside
$43.69 Price Target
Short Interest
Bearish
9.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.33mentions of Unity Software in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$31.45 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.88) to ($0.53) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Computer And Technology Sector

289th out of 591 stocks

Prepackaged Software Industry

77th out of 200 stocks


U stock logo

About Unity Software (NYSE:U) Stock

Unity Software Inc. was founded in 2004 as Over The Edge Entertainment. Over The Edge Entertainment was a software company focused on video games and visualization best know for its gaming platform Unity. Unity is the result of the company’s first game which was a huge failure. The company’s success lay in the tools it developed for making video games, which is when Unity was born. Unity is a game development platform that allows users to create and build-out interactive 2-D and 3-D environments for gaming and other applications.

The company changed its name in 2007 to Unity Software Inc to better represent the business and its goals. Unity Software was founded in Denmark but it is now headquartered in San Francisco, California. It is a member of the Russell 1000 index and brought in over $1.1 billion in revenue for fiscal 2021. The company employs more than 5,200 people and operates with a network of at least 6 subsidiary businesses including DeltaDNA, Multiplay, and Vivox.

Unity Software’s success is tied to that of the iPhone. Unity was among the first developers to fully support the iPhone operating system, making it a go-to choice for game developers. While no market share data is available for Unity in regard to the iPhone App Store, there are over 1 million games listed, and Unity powers a large portion of them.

Unity Software expanded its offerings beginning in 2009. Over the years it has added platforms for desktop, mobile, tablets, gaming consoles, 3-D, web-based and virtual reality. Unity’s technology has also been adapted to the movie/entertainment industry as well as the auto industry. The Unity Asset Store is a marketplace for Unity and its users to sell tools, artwork, etc to developers. The addition of Vivox to the fold provides a VOIP feature for gaming that is used in games like Fortnight where players, who may be playing from opposite sides of the Earth, operate in groups.

Unity Software announced its intention to go public in the summer of 2020. The IPO priced above the expected price and gave the company a valuation of $13.7 billion. The company operates in 3 segments: Create Solutions, Operate Solutions, and Other. In 2022, the company announced a major partnership with Microsoft to use its Azure cloud platform as its platform of choice for building cloud-based 3-D experiences with the Unity Engine.

 

U Price History

U Stock News Headlines

Virtual Riches: 3 Stocks Leading the VR Revolution (U)
Investors who are seeking exposure to the VR wave should examine three stocks that have established their unique foothold in the industry: META, U, and RBLX
3 Best Meme ETFs to Buy Now (U)
A meme ETF invests in meme stocks. We’ll explore the best meme ETF(s) to buy now and what stocks support this unique investment arena. Learn more.
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Unity announces its revamped pricing model
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Unity Is a Company in Crisis
Unity Software (NYSE:U) Coverage Initiated at Cannonball Research
3 Red Flags for Unity Software's Future
Unity Software (NYSE:U) Raised to "Buy" at Bank of America
Unity Software (NYSE:U) Upgraded to Buy by Bank of America
See More Headlines
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U Company Calendar

Last Earnings
8/02/2023
Today
9/22/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
7,703
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$43.69
High Stock Price Forecast
$61.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+38.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
18 Analysts

Profitability

Net Income
$-921,060,000.00
Pretax Margin
-52.29%

Debt

Sales & Book Value

Annual Sales
$1.39 billion
Book Value
$11.75 per share

Miscellaneous

Free Float
348,946,000
Market Cap
$12.12 billion
Optionable
Not Optionable
Beta
2.41

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Key Executives

  • Mr. John S. Riccitiello (Age 61)
    CEO, Pres & Exec. Chairman
    Comp: $615.45k
  • Ms. Kimberly A. Jabal (Age 52)
    Sr. VP & CFO
    Comp: $469.98k
  • Scott Pitasky
    Senior Vice President & Chief People Officer
  • Dave Rhodes
    Senior Vice President & General Manager, Unity Create Solutions
  • Mr. Clive DownieMr. Clive Downie (Age 48)
    Sr. VP & Chief Marketing Officer
  • Ms. Ruth Ann KeeneMs. Ruth Ann Keene (Age 52)
    Sr. VP, Chief Legal Officer, Gen. Counsel & Corp. Sec.
  • Mr. Joachim Christoph Ante (Age 39)
    Co-Founder & CTO
  • Brett Bibby
    Senior Vice President & Chief Product Officer
  • Ms. Ingrid LestiyoMs. Ingrid Lestiyo (Age 42)
    Sr. VP & GM of Operate Solutions
    Comp: $560k
  • Luc Barthelet
    Senior Vice President and General Manager, Technology
  • Danny Lange
    Senior Vice President, Artificial Intelligence & Machine Learning
  • Sylvio Drouin
    Senior Vice President, Unity Labs
  • Ralph HauwertRalph Hauwert
    Senior Vice President, Research & Development













U Stock - Frequently Asked Questions

Should I buy or sell Unity Software stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" U shares.
View U analyst ratings
or view top-rated stocks.

What is Unity Software's stock price forecast for 2023?

18 brokers have issued 1-year price targets for Unity Software's stock. Their U share price forecasts range from $16.00 to $61.00. On average, they expect the company's stock price to reach $43.69 in the next year. This suggests a possible upside of 38.2% from the stock's current price.
View analysts price targets for U
or view top-rated stocks among Wall Street analysts.

How have U shares performed in 2023?

Unity Software's stock was trading at $28.59 at the start of the year. Since then, U stock has increased by 10.6% and is now trading at $31.61.
View the best growth stocks for 2023 here
.

When is Unity Software's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our U earnings forecast
.

How were Unity Software's earnings last quarter?

Unity Software Inc. (NYSE:U) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.30) by $0.04. The business earned $533.48 million during the quarter, compared to analyst estimates of $514.80 million. Unity Software had a negative net margin of 54.46% and a negative trailing twelve-month return on equity of 19.44%.

What guidance has Unity Software issued on next quarter's earnings?

Unity Software issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $540.00 million-$550.00 million, compared to the consensus revenue estimate of $500.20 million.

What is John Riccitiello's approval rating as Unity Software's CEO?

329 employees have rated Unity Software Chief Executive Officer John Riccitiello on Glassdoor.com. John Riccitiello has an approval rating of 92% among the company's employees. This puts John Riccitiello in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 88.0% of employees surveyed would recommend working at Unity Software to a friend.

What other stocks do shareholders of Unity Software own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Unity Software investors own include Tesla (TSLA), DocuSign (DOCU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Snowflake (SNOW), Adobe (ADBE), Intel (INTC), Block (SQ), Alibaba Group (BABA) and Salesforce (CRM).

When did Unity Software IPO?

(U) raised $950 million in an IPO on Friday, September 18th 2020. The company issued 25,000,000 shares at a price of $34.00-$42.00 per share. Goldman Sachs, Credit Suisse, BofA Securities, Barclays and William Blair served as the underwriters for the IPO and Oppenheimer, Piper Sandler, Stifel, Wedbush Securities, Academy Securities and Siebert Williams Shank were co-managers.

What is Unity Software's stock symbol?

Unity Software trades on the New York Stock Exchange (NYSE) under the ticker symbol "U."

Who are Unity Software's major shareholders?

Unity Software's stock is owned by many different institutional and retail investors. Top institutional investors include SC US Ttgp LTD. (7.16%), Resolute Advisors LLC (4.77%), ARK Investment Management LLC (3.15%), Bank Julius Baer & Co. Ltd Zurich (3.01%), Sumitomo Mitsui Trust Holdings Inc. (2.16%) and Viola Ventures V.C. Management 4 Ltd. (1.45%). Insiders that own company stock include 2020 Aps Otee, Barry Schuler, Carol W Carpenter, Clive Downie, David Helgason, Ingrid Lestiyo, Iv (Gp) LLC Slta, John S Riccitiello, John S Riccitiello, Kim Jabal, Lake Group LLC Silver, Luis Felipe Visoso, Marc Whitten, Mark Barrysmith, Michelle K Lee, Ralph Hauwert, Robynne Sisco, Ruth Ann Keene, Shlomo Dovrat and Tomer Bar-Zeev.
View institutional ownership trends
.

How do I buy shares of Unity Software?

Shares of U stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Unity Software's stock price today?

One share of U stock can currently be purchased for approximately $31.61.

How much money does Unity Software make?

Unity Software (NYSE:U) has a market capitalization of $12.12 billion and generates $1.39 billion in revenue each year. The company earns $-921,060,000.00 in net income (profit) each year or ($2.84) on an earnings per share basis.

How many employees does Unity Software have?

The company employs 7,703 workers across the globe.

Does Unity Software have any subsidiaries?
The following companies are subsidiares of Unity Software: Applifier, Artomatix, ChilliConnect, Digital Monarch Media, Engine Room Games, Finger Food Studios, Multiplay, Mécanim, Playnomics, Tsugi, Vivox, and deltaDNA.
Read More
How can I contact Unity Software?

The official website for the company is www.unity.com. The company can be reached via phone at 415-539-3162 or via email at ir@unity3d.com.

This page (NYSE:U) was last updated on 9/23/2023 by MarketBeat.com Staff

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