In the latest trading session, 1.79 million Unity Software Inc (NYSE:U) shares changed hands as the company’s beta touched 2.28. With the company’s most recent per share price at $22.06 changed hands at -$0.05 or -0.25% at last look, the market valuation stands at $8.75B. U’s current price is a discount, trading about -97.37% off its 52-week high of $43.54. The share price had its 52-week low at $13.90, which suggests the last value was 36.99% up since then. When we look at Unity Software Inc’s average trading volume, we note the 10-day average is 7.55 million shares, with the 3-month average coming to 12.28 million.
Analysts gave the Unity Software Inc (U) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.38. If we narrow down to specifics, the data shows that 3 out of 21 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 10 recommended U as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Unity Software Inc’s EPS for the current quarter is expected to be -0.36.
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Unity Software Inc (NYSE:U) trade information
Instantly U was in red as seen in intraday trades today. With action 0.66%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -46.06%, with the 5-day performance at 0.66% in the green. However, in the 30-day time frame, Unity Software Inc (NYSE:U) is 5.98% up. Looking at the short shares, we see there were 29.71 million shares sold at short interest cover period of 1.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is 54.5, meaning bulls need an upside of 59.52% from its recent market value. According to analyst projections, U’s forecast low is 15 with 180 as the target high. To hit the forecast high, the stock’s price needs a -715.96% plunge from its current level, while the stock would need to tank 32.0% for it to hit the projected low.
Unity Software Inc (U) estimates and forecasts
Data shows that the Unity Software Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.65% over the past 6 months, a -553.66% in annual growth rate that is considerably lower than the industry average of 18.90%. Year-over-year growth is forecast to reach -19.30% down from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 429.44M. 17 analysts are of the opinion that Unity Software Inc’s revenue for the current quarter will be 427.8M. The company’s revenue for the corresponding quarters a year ago was 553.71M and 609.27M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -22.40%. The estimates for the next quarter sales put growth at -29.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -34.36%. The 2024 estimates are for Unity Software Inc earnings to decrease by -20.46%.
U Dividends
Unity Software Inc is expected to release its next quarterly earnings report on 2024-Nov-07.
Unity Software Inc (NYSE:U)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.69% of Unity Software Inc shares while 73.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.83%. There are 73.08% institutions holding the Unity Software Inc stock share, with SILVER LAKE GROUP, L.L.C. the top institutional holder. As of 2024-06-30, the company held 8.9721% of the shares, roughly 34.74 million U shares worth $564.8 million.
SC US (TTGP), LTD. holds the second largest percentage of outstanding shares, with 8.3301% or 32.25 million shares worth $524.39 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. With 17.84 shares estimated at $389.32 million under it, the former controlled 4.50% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.21% of the shares, roughly 8.76 shares worth around $191.16 million.
