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NYSE:U

Unity Software (U) Stock Forecast, Price & News

$35.84
-0.48 (-1.32%)
(As of 06/6/2023 ET)
Compare
Today's Range
$34.52
▼
$37.68
50-Day Range
$24.82
▼
$36.29
52-Week Range
$21.22
▼
$58.63
Volume
43.45 million shs
Average Volume
10.16 million shs
Market Capitalization
$13.57 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.06
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Unity Software MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
11.8% Upside
$40.06 Price Target
Short Interest
Healthy
9.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.04mentions of Unity Software in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$9.13 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.12) to ($0.74) Per Share

Overall MarketRank™

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

1.89 out of 5 stars

Computer And Technology Sector

455th out of 606 stocks

Prepackaged Software Industry

137th out of 211 stocks

See Top Rated MarketRank™ Stocks Here

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.

 

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U Stock News Headlines

May 20, 2023 | marketbeat.com
MarketBeat Week in Review – 5/15 - 5/19 (U)
Investors are battling stagflation as they wait for a recession, and the MarketBeat team continues to help you understand where to find opportunities
May 18, 2023 | marketbeat.com
Is Unity the Best Performing Game Developer in Q2? (U)
Of all the stocks blitzed last year, Unity Software earnings shows some of the most impressive 2023 results, with a 42% upside that feels real.
June 6, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
May 11, 2023 | marketbeat.com
Walt Disney, Peloton Interactive fall; AppLovin, Unity Software rise
Stocks that traded heavily or had substantial price changes Thursday: Walt Disney, Peloton Interactive fall; AppLovin, Unity Software rise
June 6, 2023 | finance.yahoo.com
Midday movers: Coinbase, Unity Software, GitLab and more
June 6, 2023 | investorplace.com
Is Unity Software (U) Stock a Buy on Apple Vision Pro News?
June 5, 2023 | finance.yahoo.com
Apple's Vision Pro VR headset announcement did more for shares of Unity than for Apple
June 5, 2023 | seekingalpha.com
Unity: Successful Integration Of Acquisitions Remains Key
June 6, 2023 | Behind the Markets (Ad)
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
June 5, 2023 | americanbankingnews.com
Unity Software Inc. (NYSE:U) CMO Sells $58,180.00 in Stock
June 3, 2023 | americanbankingnews.com
Insider Selling: Unity Software Inc. (NYSE:U) CEO Sells $1,023,949.08 in Stock
June 1, 2023 | finance.yahoo.com
Unity Software Inc. (U) Recently Broke Out Above the 50-Day Moving Average
June 1, 2023 | finance.yahoo.com
After losing 23% in the past year, Unity Software Inc. (NYSE:U) institutional owners must be relieved by the recent gain
June 1, 2023 | americanbankingnews.com
Unity Software Inc. (NYSE:U) Insider Marc Whitten Sells 4,049 Shares
June 1, 2023 | americanbankingnews.com
Unity Software Inc. (NYSE:U) CFO Luis Felipe Visoso Sells 6,887 Shares
June 1, 2023 | americanbankingnews.com
Unity Software Inc. (NYSE:U) CMO Carol W. Carpenter Sells 8,810 Shares
June 1, 2023 | americanbankingnews.com
Unity Software (NYSE:U) Stock Price Up 4.2%
May 26, 2023 | finance.yahoo.com
3 Best Metaverse Stocks to Buy in 2023 and Beyond
May 26, 2023 | americanbankingnews.com
Brokerages Set Unity Software Inc. (NYSE:U) PT at $40.64
May 25, 2023 | finance.yahoo.com
Will Unity Software Inc. (U) Gain on Rising Earnings Estimates?
May 25, 2023 | americanbankingnews.com
Unity Software (NYSE:U) Shares Down 2.9%
May 24, 2023 | msn.com
Wall Street Analysts Predict a 39.53% Upside in Unity Software Inc. (U): Here's What You Should Know
May 24, 2023 | finance.yahoo.com
Wall Street Analysts Predict a 39.53% Upside in Unity Software Inc. (U): Here's What You Should Know
May 23, 2023 | forbes.com
Unity’s Project Barracuda Injects Generative AI Into Games To Kickstart Exponential Growth
May 19, 2023 | benzinga.com
Unity Software shares are trading lower amid overall market weakness after US debt limit talks reportedly stalled.
May 18, 2023 | benzinga.com
Unity Software Unusual Options Activity For May 18
May 18, 2023 | msn.com
Is Unity the Best Performing Game Developer in Q2?
See More Headlines

U Price History

U Company Calendar

Last Earnings
5/10/2023
Today
6/06/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:U
CUSIP
N/A
CIK
1810806
Web
www.unity.com
Phone
415-539-3162
Fax
N/A
Employees
7,703
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$40.06
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
17 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($3.02)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-921,060,000.00
Net Margins
-63.42%
Pretax Margin
-61.01%
Return on Equity
-23.63%
Return on Assets
-10.80%

Debt

Debt-to-Equity Ratio
0.78
Current Ratio
2.39
Quick Ratio
2.39

Sales & Book Value

Annual Sales
$1.39 billion
Price / Sales
9.76
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$11.75 per share
Price / Book
3.05

Miscellaneous

Outstanding Shares
378,660,000
Free Float
344,579,000
Market Cap
$13.57 billion
Optionable
Not Optionable
Beta
2.15

Social Links


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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













U Stock - Frequently Asked Questions

Should I buy or sell Unity Software stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last year. There are currently 2 sell ratings, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" U shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in U, but not buy additional shares or sell existing shares.
View U analyst ratings or view top-rated stocks.

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

17 analysts have issued twelve-month price targets for Unity Software's stock. Their U share price forecasts range from $16.00 to $70.00. On average, they anticipate the company's share price to reach $40.06 in the next year. This suggests a possible upside of 11.8% 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 beginning of the year. Since then, U stock has increased by 25.4% and is now trading at $35.84.
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 Tuesday, August 8th 2023.
View our U earnings forecast.

How were Unity Software's earnings last quarter?

Unity Software Inc. (NYSE:U) released its earnings results on Wednesday, May, 10th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.49) by $0.12. The business earned $500.36 million during the quarter, compared to the consensus estimate of $477.42 million. Unity Software had a negative trailing twelve-month return on equity of 23.63% and a negative net margin of 63.42%.

What ETFs hold Unity Software's stock?

ETFs with the largest weight of Unity Software (NYSE:U) stock in their portfolio include Roundhill Ball Metaverse ETF (METV), ARK Next Generation Internation ETF (ARKW), Global X Video Games & Esports ETF (HERO), VanEck Video Gaming and eSports ETF (ESPO), ARK Innovation ETF (ARKK), Global X Metaverse ETF (VR), TrueShares Technology, AI & Deep Learning ETF (LRNZ) and Innovator Deepwater Frontier Tech ETF (LOUP).

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

Unity Software updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $510.00 million-$520.00 million, compared to the consensus revenue estimate of $508.46 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 initial public offering (IPO) on Friday, September 18th 2020. The company issued 25,000,000 shares at $34.00-$42.00 per share. Goldman Sachs, Credit Suisse, BofA Securities, Barclays and William Blair acted 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 Resolute Advisors LLC (7.11%), ARK Investment Management LLC (4.09%), Sumitomo Mitsui Trust Holdings Inc. (2.67%), Nikko Asset Management Americas Inc. (2.46%), Geode Capital Management LLC (1.07%) and Clearbridge Investments LLC (1.06%). 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, Luis Felipe Visoso, Marc Whitten, 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 $35.84.

How much money does Unity Software make?

Unity Software (NYSE:U) has a market capitalization of $13.57 billion and generates $1.39 billion in revenue each year. The company earns $-921,060,000.00 in net income (profit) each year or ($3.02) 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 6/6/2023 by MarketBeat.com Staff

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