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Henry Ford Would NEVER Have Seen This Coming (Ad)
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Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts

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

$31.50
+0.24 (+0.77%)
(As of 12/6/2023 ET)
Compare
Today's Range
$31.46
▼
$32.59
50-Day Range
$25.07
▼
$32.64
52-Week Range
$22.20
▼
$50.08
Volume
9.69 million shs
Average Volume
11.30 million shs
Market Capitalization
$11.97 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$37.80
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media

Unity Software MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
20.0% Upside
$37.80 Price Target
Short Interest
Bearish
11.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.24mentions of Unity Software in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$26.74 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.

1.94 out of 5 stars

Computer And Technology Sector

385th out of 593 stocks

Prepackaged Software Industry

102nd out of 175 stocks

See Top Rated MarketRank™ Stocks Here

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

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 7, 2023 | Autonomix (Ad)
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
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 7, 2023 | Autonomix (Ad)
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
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
12/06/2023
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
+20.0%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
21 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
5.90
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$11.75 per share
Price / Book
2.68

Miscellaneous

Outstanding Shares
380,019,000
Free Float
345,817,000
Market Cap
$11.97 billion
Optionable
Not Optionable
Beta
2.43

Social Links

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U Stock Analysis - Frequently Asked Questions

Should I buy or sell Unity Software stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Unity Software in the last twelve months. There are currently 12 hold ratings and 9 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 target for 2024?

21 analysts have issued 12-month price targets for Unity Software's shares. Their U share price targets range from $20.00 to $61.00. On average, they anticipate the company's share price to reach $37.80 in the next twelve months. This suggests a possible upside of 20.0% 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 shares have increased by 10.2% and is now trading at $31.50.
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) announced its earnings results on Thursday, November, 9th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.10. The company earned $544.21 million during the quarter, compared to analyst estimates 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 (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 $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 (IPO) 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 12/7/2023 by MarketBeat.com Staff

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