NYSE:U

Unity Software (U) Stock Forecast, Price & News

$30.44

-0.92 (-2.93%)

(As of 09/26/2023 ET)

Compare

Today's Range: $30.33
▼
$31.50
50-Day Range: $30.44
▼
$48.51
52-Week Range: $21.22
▼
$50.08

Volume: 9.13 million shs
Average Volume: 11.24 million shs
Market Capitalization: $11.67 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: 43.5% Upside
$43.69 Price Target
Short Interest: Bearish
9.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 24 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.

2.33 out of 5 stars

Computer And Technology Sector

278th out of 580 stocks

Prepackaged Software Industry

77th out of 205 stocks

4.3

Analyst's Opinion

Consensus Rating
Unity Software has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $43.69, Unity Software has a forecasted upside of 43.5% from its current price of $30.44.
Amount of Analyst Coverage
Unity Software has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
9.19% 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 1.7, 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 2.32%, 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.

2.5

News and Social Media Coverage

News Sentiment
Unity Software has a news sentiment score of 0.43. 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 0.60 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 24 news articles for Unity Software this week, compared to 9 articles on an average week.
Search Interest
Only 74 people have searched for U on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
59 people have added Unity Software to their MarketBeat watchlist in the last 30 days. This is an increase of 211% 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 $31,445,280.00 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 ($0.88) to ($0.53) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Unity Software is -10.72, 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 -10.72, 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 2.59. 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 (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

30 days | 90 days | 365 days | Advanced Chart

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)

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September 26, 2023 | Micro-Cap Stock Trader (Ad)

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August 29, 2023 | marketbeat.com

3 Best Meme ETFs to Buy Now (U)

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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 26, 2023 | Micro-Cap Stock Trader (Ad)

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Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

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

September 22, 2023 | finance.yahoo.com

Unity Software Just Announced New Updates to Its Upcoming Fee Structure -- What Unity Stock Investors Should Know

September 21, 2023 | finance.yahoo.com

Unity Is a Company in Crisis

September 20, 2023 | appleinsider.com

Unity's self-sabotage with pricing will be a long-term problem for Apple

September 20, 2023 | uk.news.yahoo.com

Terraria dev "unequivocally condemns" Unity fee changes, donates over $200,000 to other game engines

September 19, 2023 | msn.com

Here’s why so many video game developers are suddenly abandoning the Unity engine

September 19, 2023 | americanbankingnews.com

Unity Software (NYSE:U) Coverage Initiated at Cannonball Research

September 18, 2023 | msn.com

Unity Apologizes For ‘Confusion And Angst’ Caused By New Runtime Fee [UPDATE]

September 18, 2023 | proactiveinvestors.com

Unity Software considers changes to installation fee policy after backlash from video game developers

September 18, 2023 | bloomberg.com

Unity Overhauls Controversial Price Hike After Game Developers Revolt

See More Headlines

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U Company Calendar

Last Earnings: 8/02/2023
Today: 9/26/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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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: $43.69
High Stock Price Forecast: $61.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +41.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 18 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: 8.51
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $11.75 per share
Price / Book: 2.63

Miscellaneous

Outstanding Shares: 383,460,000
Free Float: 348,946,000
Market Cap: $11.83 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 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

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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?: 18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last year. 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 brokerages have issued 1-year target prices for Unity Software's shares. Their U share price forecasts range from $16.00 to $61.00. On average, they predict the company's share price to reach $43.69 in the next year. This suggests a possible upside of 41.6% 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 shares have increased by 7.9% and is now trading at $30.86.
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) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.30) by $0.04. The company 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 initial public offering 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 shareholders 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 $30.86.
How much money does Unity Software make?: Unity Software (NYSE:U) has a market capitalization of $11.83 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 9/26/2023 by MarketBeat.com Staff

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Unity Software (U) Stock Forecast, Price & News

Unity Software MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Unity Software (NYSE:U) Stock

U Price History

U Stock News Headlines

U Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

U Stock - Frequently Asked Questions

Overall MarketRank^™