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NYSE:U

Unity Software (U) Stock Price, News & Analysis

$19.40
-0.20 (-1.02%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$19.31
$19.66
50-Day Range
$19.40
$27.56
52-Week Range
$19.31
$50.08
Volume
7.45 million shs
Average Volume
9.75 million shs
Market Capitalization
$7.58 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.38

Unity Software MarketRank™ Stock Analysis

Analyst Rating
Hold
2.32 Rating Score
Upside/​Downside
82.4% Upside
$35.38 Price Target
Short Interest
Healthy
7.25% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of Unity Software in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$8.84 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.81) to ($1.15) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.36 out of 5 stars

Computer And Technology Sector

247th out of 595 stocks

Prepackaged Software Industry

83rd out of 203 stocks

U stock logo

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

U Stock News Headlines

Unity Software's Mixed Q1, But Long-Term Outlook Remains Positive
Unity Software NYSE: U develops and distributes a platform for creating and operating interactive, real-time 3D content. The company released its first quarter 2024 earnings report, which provided valuable insights into Unity Software's financial performance and strategic direction.
Unity Software’s Mixed Q1, But Long-Term Outlook Remains Positive
Unity Software's earnings report reveals a company focused on optimizing its strategic portfolio, investing in AI-powered solutions, and expanding its reach.
Unity Software Inc BRDR U2ST34
3 Growth Stocks to Buy at 52-Week Lows in May
JMP Securities Keeps Their Hold Rating on Unity Software (U)
7 Cheap Metaverse Stocks to Buy Now: May 2024
Stifel Nicolaus Reaffirms Their Buy Rating on Unity Software (U)
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
5/26/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
6,748
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$35.38
High Stock Price Target
$61.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+82.4%
Consensus Rating
Hold
Rating Score (0-4)
2.32
Research Coverage
22 Analysts

Profitability

Net Income
$-822,010,000.00
Pretax Margin
-39.80%

Debt

Sales & Book Value

Annual Sales
$2.19 billion
Cash Flow
$0.54 per share
Book Value
$8.16 per share

Miscellaneous

Free Float
366,238,000
Market Cap
$7.58 billion
Optionable
Not Optionable
Beta
2.40

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U Stock Analysis - Frequently Asked Questions

Should I buy or sell Unity Software stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last twelve months. There are currently 2 sell ratings, 11 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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?

22 brokerages have issued twelve-month target prices for Unity Software's shares. Their U share price targets range from $16.00 to $61.00. On average, they expect the company's stock price to reach $35.38 in the next year. This suggests a possible upside of 82.4% 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 2024?

Unity Software's stock was trading at $40.89 at the start of the year. Since then, U stock has decreased by 52.6% and is now trading at $19.40.
View the best growth stocks for 2024 here
.

When is Unity Software's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our U earnings forecast
.

How were Unity Software's earnings last quarter?

Unity Software Inc. (NYSE:U) issued its earnings results on Monday, February, 26th. The company reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.89. The firm had revenue of $609.27 million for the quarter, compared to analysts' expectations of $551.01 million. Unity Software had a negative net margin of 40.11% and a negative trailing twelve-month return on equity of 7.73%. The firm's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.50) earnings per share.

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?

Unity Software (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.

Who are Unity Software's major shareholders?

Unity Software's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.82%), Resolute Advisors LLC (3.79%), Sumitomo Mitsui Trust Holdings Inc. (3.09%), Nikko Asset Management Americas Inc. (2.90%), Capital Research Global Investors (2.18%) and Capital International Investors (2.01%). Insiders that own company stock include 2020 Aps Otee, Anirma Gupta, Carol W Carpenter, Clive Downie, David Helgason, Felix The, Ingrid Lestiyo, Iv (Gp) LLC Slta, James M Whitehurst, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 5/27/2024 by MarketBeat.com Staff

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