Should I buy or sell Unity Software stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last twelve months. There are currently 11 hold ratings and 9 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 target for 2024?

20 analysts have issued 1 year price targets for Unity Software's stock. Their U share price targets range from $20.00 to $61.00. On average, they expect the company's share price to reach $37.80 in the next year. This suggests a possible upside of 15.7% 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 2023. Since then, U shares have increased by 14.3% and is now trading at $32.68. 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, February 28th 2024. View our U earnings forecast .

How were Unity Software's earnings last quarter?

Unity Software Inc. (NYSE:U) released its earnings results on Thursday, November, 9th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.10. The business had revenue of $544.21 million for the quarter, compared to analysts' expectations of $550.48 million. Unity Software had a negative trailing twelve-month return on equity of 13.50% and a negative net margin of 42.31%.

What ETFs hold Unity Software's stock?

ETFs with the largest weight of Unity Software (NYSE:U) stock in their portfolio include Global X Metaverse ETF (VR) , Innovator Deepwater Frontier Tech ETF (LOUP) , ARK Next Generation Internation ETF (ARKW) , iShares Future Metaverse Tech and Communications ETF (IVRS) , VanEck Video Gaming and eSports ETF (ESPO) , Roundhill Video Games ETF (NERD) , ARK Innovation ETF (ARKK) and Global X Video Games & Esports ETF (HERO) .

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

Unity Software updated its third quarter 2023 earnings guidance on Monday, October, 9th. 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 $554.84 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 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 acted as the underwriters for the IPO and Oppenheimer, Piper Sandler, Stifel, Wedbush Securities, Academy Securities and Siebert Williams Shank were co-managers.

Who are Unity Software's major shareholders?

Unity Software's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Silver Lake Group L.L.C. (9.06%), SC US Ttgp LTD. (7.20%), Resolute Advisors LLC (4.55%), ARK Investment Management LLC (2.99%), Sumitomo Mitsui Trust Holdings Inc. (2.08%) and Clearbridge Investments LLC (0.75%). Insiders that own company stock include 2020 Aps Otee, Anirma Gupta, Barry Schuler, Carol W Carpenter , Clive Downie , David Helgason , Ingrid Lestiyo , Iv (Gp) LLC Slta, John S Riccitiello, John S Riccitiello , 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 .

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

Unity Software Stock Price, News & Analysis (NYSE:U)

$32.68

+0.78 (+2.45%)

(As of 12/8/2023 ET)

Compare

Today's Range: $31.61
▼
$33.73
50-Day Range: $25.07
▼
$32.68
52-Week Range: $22.20
▼
$50.08

Volume: 13.39 million shs
Average Volume: 11.29 million shs
Market Capitalization: $12.42 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $37.80

Unity Software MarketRank™ Stock Analysis

Analyst Rating: Hold
2.45 Rating Score
Upside/Downside: 15.7% Upside
$37.80 Price Target
Short Interest: Bearish
11.10% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.12
Based on 12 Articles This Week
Insider Trading: Selling Shares
$25.63 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.82) to ($0.50) Per Share

Overall MarketRank^™

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

2.03 out of 5 stars

Computer And Technology Sector

353rd out of 594 stocks

Prepackaged Software Industry

82nd out of 163 stocks

3.2

Analyst's Opinion

Consensus Rating
Unity Software has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 9 buy ratings, 11 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.80, Unity Software has a forecasted upside of 15.7% from its current price of $32.68.
Amount of Analyst Coverage
Unity Software has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
11.10% of the float of Unity Software has been sold short.
Short Interest Ratio / Days to Cover
Unity Software has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Unity Software has recently increased by 4.77%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Unity Software does not currently pay a dividend.
Dividend Growth
Unity Software does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for U.

2.8

News and Social Media Coverage

News Sentiment
Unity Software has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Unity Software this week, compared to 10 articles on an average week.
Search Interest
78 people have searched for U on MarketBeat in the last 30 days. This is an increase of 16% compared to the previous 30 days.
MarketBeat Follows
26 people have added Unity Software to their MarketBeat watchlist in the last 30 days. This is an increase of 30% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Unity Software insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $25,625,260.00 in company stock.
Percentage Held by Insiders
Only 9.00% of the stock of Unity Software is held by insiders.
Percentage Held by Institutions
64.74% of the stock of Unity Software is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Unity Software are expected to grow in the coming year, from ($0.82) to ($0.50) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Unity Software is -14.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Unity Software is -14.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Unity Software has a P/B Ratio of 2.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Unity Software Stock (NYSE:U)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

U Stock News Headlines

November 17, 2023 | marketbeat.com

Unity Software's resilient rebound post-earnings setback

Following a sharp decline post-earnings due to uncertainties and underwhelming results, U shares have remarkably surged by nearly 15% within the week.

December 7, 2023 | americanbankingnews.com

Unity Software Inc. (NYSE:U) Receives Average Rating of "Hold" from Brokerages

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

December 6, 2023 | americanbankingnews.com

Unity Software Inc. (NYSE:U) Insider Mark Barrysmith Sells 1,688 Shares

December 5, 2023 | americanbankingnews.com

Unity Software Inc. (NYSE:U) SVP Anirma Gupta Sells 3,294 Shares of Stock

December 4, 2023 | finance.yahoo.com

12 Best Virtual Reality Stocks To Buy Heading into 2024

December 3, 2023 | americanbankingnews.com

Unity Software (NYSE:U) Trading 6.1% Higher

December 1, 2023 | benzinga.com

Unpacking the Latest Options Trading Trends in Unity Software

December 8, 2023 | Financial Alphas (Ad)

Recent Reports Are A Wake-Up Call For Investors

As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.

December 1, 2023 | americanbankingnews.com

Luis Felipe Visoso Sells 16,876 Shares of Unity Software Inc. (NYSE:U) Stock

November 30, 2023 | bizjournals.com

Unity Software to shrink San Francisco office space amid staff layoffs

November 30, 2023 | msn.com

Unity Slashes 265 Jobs, Game Software Giant Also Announces Office Closures

November 30, 2023 | finance.yahoo.com

Insider Sell Alert: EVP and CFO Luis Visoso Sells Shares of Unity Software Inc

November 29, 2023 | yahoo.com

Unity announces company "reset" as it lets go 265 employees, ends agreement with Lord of the Rings VFX studio

November 29, 2023 | investorplace.com

Unity Software Layoffs 2023: What to Know About the Latest U Job Cuts

November 29, 2023 | yahoo.com

Unity cuts 265 jobs as part of a company 'reset'

November 28, 2023 | msn.com

Unity Software axes 3.8% of its workforce and scraps Weta FX deal in a bid to boost its bottom line

November 28, 2023 | msn.com

Unity Software to close corporate offices in 14 locations

November 27, 2023 | tmcnet.com

Digital Joy proudly supports LIVE Braid - a global movement of unity and hope

November 25, 2023 | seekingalpha.com

Unity Software Is Being Refocused And May Be Set Up For A Merger

November 21, 2023 | msn.com

GameMaker engine goes free for non-commerical use in wake of Unity debacle

November 17, 2023 | finance.yahoo.com

Unity Software Inc CFO Luis Visoso Sells 3,334 Shares: A Deep Dive into Insider Trading Activity

November 15, 2023 | nasdaq.com

Unity Software Stock (NYSE:U): Caution is Warranted. Here’s Why

November 13, 2023 | finance.yahoo.com

New Unity Software CEO Prioritizes Investors Over Stock Fluctuations

November 13, 2023 | markets.businessinsider.com

Analyst Expectations for Unity Software's Future

November 12, 2023 | nasdaq.com

Unity Earnings Report: It's Time to Move On

November 11, 2023 | finance.yahoo.com

Decoding Unity Software Inc (U): A Strategic SWOT Insight

See More Headlines

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Company Calendar

Last Earnings: 11/09/2023
Today: 12/08/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

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 Target: $37.80
High Stock Price Target: $61.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +15.7%
Consensus Rating: Hold
Rating Score (0-4): 2.45
Research Coverage: 20 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.32)
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: -42.31%
Pretax Margin: -40.62%
Return on Equity: -13.50%
Return on Assets: -6.03%

Debt

Debt-to-Equity Ratio: 0.83
Current Ratio: 2.35
Quick Ratio: 2.35

Sales & Book Value

Annual Sales: $2.03 billion
Price / Sales: 6.12
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $11.75 per share
Price / Book: 2.78

Miscellaneous

Outstanding Shares: 380,019,000
Free Float: 345,817,000
Market Cap: $12.42 billion
Optionable: Not Optionable
Beta: 2.43

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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 Downie (Age 48)
Sr. VP & Chief Marketing Officer
Ms. 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 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 Hauwert
Senior Vice President, Research & Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

U Stock Analysis - Frequently Asked Questions

Should I buy or sell Unity Software stock right now?: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last twelve months. There are currently 11 hold ratings and 9 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 target for 2024?: 20 analysts have issued 1 year price targets for Unity Software's stock. Their U share price targets range from $20.00 to $61.00. On average, they expect the company's share price to reach $37.80 in the next year. This suggests a possible upside of 15.7% 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 2023. Since then, U shares have increased by 14.3% and is now trading at $32.68.
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, February 28th 2024.
View our U earnings forecast.
How were Unity Software's earnings last quarter?: Unity Software Inc. (NYSE:U) released its earnings results on Thursday, November, 9th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.10. The business had revenue of $544.21 million for the quarter, compared to analysts' expectations of $550.48 million. Unity Software had a negative trailing twelve-month return on equity of 13.50% and a negative net margin of 42.31%.
What ETFs hold Unity Software's stock?: ETFs with the largest weight of Unity Software (NYSE:U) stock in their portfolio include Global X Metaverse ETF (VR), Innovator Deepwater Frontier Tech ETF (LOUP), ARK Next Generation Internation ETF (ARKW), iShares Future Metaverse Tech and Communications ETF (IVRS), VanEck Video Gaming and eSports ETF (ESPO), Roundhill Video Games ETF (NERD), ARK Innovation ETF (ARKK) and Global X Video Games & Esports ETF (HERO).
What guidance has Unity Software issued on next quarter's earnings?: Unity Software updated its third quarter 2023 earnings guidance on Monday, October, 9th. 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 $554.84 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 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 acted as the underwriters for the IPO and Oppenheimer, Piper Sandler, Stifel, Wedbush Securities, Academy Securities and Siebert Williams Shank were co-managers.
Who are Unity Software's major shareholders?: Unity Software's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Silver Lake Group L.L.C. (9.06%), SC US Ttgp LTD. (7.20%), Resolute Advisors LLC (4.55%), ARK Investment Management LLC (2.99%), Sumitomo Mitsui Trust Holdings Inc. (2.08%) and Clearbridge Investments LLC (0.75%). Insiders that own company stock include 2020 Aps Otee, Anirma Gupta, Barry Schuler, Carol W Carpenter, Clive Downie, David Helgason, Ingrid Lestiyo, Iv (Gp) LLC Slta, John S Riccitiello, John S Riccitiello, 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.
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

This page (NYSE:U) was last updated on 12/8/2023 by MarketBeat.com Staff

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