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NYSE:U

Unity Software (U) Stock Forecast, Price & News

$29.32
-1.22 (-3.99%)
(As of 10/3/2023 ET)
Compare
Today's Range
$29.10
▼
$30.26
50-Day Range
$29.32
▼
$45.85
52-Week Range
$21.22
▼
$50.08
Volume
8.48 million shs
Average Volume
11.15 million shs
Market Capitalization
$11.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$43.35
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Unity Software MarketRank™ Forecast

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
47.9% Upside
$43.35 Price Target
Short Interest
Healthy
8.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Unity Software in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$23.84 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.

2.61 out of 5 stars

Computer And Technology Sector

150th out of 605 stocks

Prepackaged Software Industry

40th out of 208 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.

 

U Price History

U Stock News Headlines

September 26, 2023 | marketbeat.com
3 Reasons Unity Software Is Ready to Rally 38%
Unity Software nabbed a "buy" upgrade from Bank of America, shedding light on the software developer's untapped potential. Analysts expect EPS to grow by 79%.
September 19, 2023 | marketbeat.com
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
October 3, 2023 | Legacy Research (Ad)
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
October 3, 2023 | finance.yahoo.com
Here's Why Unity Stock Dropped 15% Last Month
October 3, 2023 | finance.yahoo.com
EVP and CFO Luis Visoso Sells 3,186 Shares of Unity Software Inc
October 3, 2023 | americanbankingnews.com
Insider Selling: Unity Software Inc. (NYSE:U) CFO Sells 3,186 Shares of Stock
October 3, 2023 | americanbankingnews.com
Unity Software Inc. (NYSE:U) CMO Carol W. Carpenter Sells 2,000 Shares
October 1, 2023 | msn.com
Unity Software could see a mobile 'windfall.' So why is UBS in 'wait and see mode?'
October 3, 2023 | Legacy Research (Ad)
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
September 30, 2023 | americanbankingnews.com
UBS Group Initiates Coverage on Unity Software (NYSE:U)
September 29, 2023 | finance.yahoo.com
10 Stocks with AI Catalysts in 2023
September 28, 2023 | seekingalpha.com
Unity Software Steps In It
September 27, 2023 | msn.com
Best Unity game engine alternatives in 2023
September 27, 2023 | finance.yahoo.com
Unity Backtracks on Fees to Stop Developer Exodus
September 26, 2023 | theglobeandmail.com
Unpacking Q2 Earnings: Unity (NYSE:U) In The Context Of Other Design Software Stocks
September 26, 2023 | americanbankingnews.com
Unity Software (NYSE:U) Given "Buy" Rating at Bank of America
September 25, 2023 | msn.com
Unity's pricing backtrack should help with developers, analysts say
September 25, 2023 | markets.businessinsider.com
Oppenheimer Keeps Their Hold Rating on Unity Software (U)
September 25, 2023 | markets.businessinsider.com
Jefferies Remains a Sell on Unity Software (U)
September 24, 2023 | markets.businessinsider.com
BTIG Sticks to Their Hold Rating for Unity Software (U)
September 23, 2023 | msn.com
Unity Introduces New Pricing Model Following Developer Mutiny
September 23, 2023 | msn.com
Unity apologizes to game developers, updates fees
September 23, 2023 | americanbankingnews.com
Unity Software Inc. (NYSE:U) Given Average Recommendation of "Moderate Buy" by Brokerages
September 22, 2023 | msn.com
Unity exec Marc Whitten shares apology note following backlash to controversial licensing policies
September 22, 2023 | msn.com
Unity announces its revamped pricing model
September 22, 2023 | msn.com
Unity updates fee structure in apology to game developers
September 22, 2023 | finance.yahoo.com
Unity Software rolls back parts of new pricing policy after backlash
See More Headlines
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U Company Calendar

Last Earnings
8/02/2023
Today
10/03/2023
Next Earnings (Estimated)
11/08/2023
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
$43.35
High Stock Price Forecast
$61.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+47.5%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
19 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.84)
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
-54.46%
Pretax Margin
-52.29%
Return on Equity
-19.44%
Return on Assets
-8.79%

Debt

Debt-to-Equity Ratio
0.78
Current Ratio
2.46
Quick Ratio
2.46

Sales & Book Value

Annual Sales
$1.39 billion
Price / Sales
8.10
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$11.75 per share
Price / Book
2.50

Miscellaneous

Outstanding Shares
383,460,000
Free Float
348,946,000
Market Cap
$11.27 billion
Optionable
Not Optionable
Beta
2.42

Social Links

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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

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?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last year. There are currently 1 sell rating, 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities 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?

19 analysts have issued twelve-month target prices for Unity Software's shares. Their U share price forecasts range from $16.00 to $61.00. On average, they anticipate the company's share price to reach $43.35 in the next year. This suggests a possible upside of 47.5% 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 on January 1st, 2023. Since then, U stock has increased by 2.8% and is now trading at $29.39.
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) posted its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.30) by $0.04. The firm had revenue of $533.48 million for the quarter, compared to the consensus estimate of $514.80 million. Unity Software had a negative trailing twelve-month return on equity of 19.44% and a negative net margin of 54.46%.

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 Wednesday, August, 2nd. The company provided earnings per share (EPS) 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 $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."

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 $29.39.

How much money does Unity Software make?

Unity Software (NYSE:U) has a market capitalization of $11.27 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 10/3/2023 by MarketBeat.com Staff

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