Unity Software Inc (NYSE:U) has a beta value of 2.33 and has seen 8.05 million shares traded in the last trading session. The company, currently valued at $9.93B, closed the last trade at $24.66 per share which meant it lost -$0.5 on the day or -1.99% during that session. The U stock price is -76.56% off its 52-week high price of $43.54 and 43.63% above the 52-week low of $13.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.94 million shares traded. The 3-month trading volume is 11.90 million shares.
The consensus among analysts is that Unity Software Inc (U) is Hold stock at the moment, with a recommendation rating of 2.25. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 10 out of 21 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.37.
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Unity Software Inc (NYSE:U) trade information
Sporting -1.99% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the U stock price touched $24.66 or saw a rise of 10.07%. Year-to-date, Unity Software Inc shares have moved -39.69%, while the 5-day performance has seen it change -6.59%. Over the past 30 days, the shares of Unity Software Inc (NYSE:U) have changed 42.21%. Short interest in the company has seen 24.23 million shares shorted with days to cover at 2.03.
Wall Street analysts have a consensus price target for the stock at $22.5, which means that the shares’ value could drop -9.6% from current levels. The projected low price target is $15.0 while the price target rests at a high of $27.0. In that case, then, we find that the current price level is -9.49% off the targeted high while a plunge would see the stock lose 39.17% from current levels.
Unity Software Inc (U) estimates and forecasts
Figures show that Unity Software Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 53.36% over the past 6 months, with this year growth rate of -517.07%, compared to 25.70% for the industry. Revenue growth from the last financial year stood is estimated to be -18.33%.
19 analysts offering their estimates for the company have set an average revenue estimate of 433.24M for the current quarter. 15 have an estimated revenue figure of 439.32M for the next ending quarter. Year-ago sales stood 609.27M and 460.38M respectively for this quarter and the next, and analysts expect sales will shrink by -28.89% for the current quarter and -18.33% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -34.36% over the past 5 years. Earnings growth for 2024 is a modest -15.74% while over the next 5 years, the company’s earnings are expected to decrease by -4.00%.
U Dividends
Unity Software Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Unity Software Inc (NYSE:U)’s Major holders
Insiders own 10.55% of the company shares, while shares held by institutions stand at 77.55% with a share float percentage of 86.70%. Investors are also buoyed by the number of investors in a company, with Unity Software Inc having a total of 587.0 institutions that hold shares in the company. The top two institutional holders are SILVER LAKE GROUP, L.L.C. with over 34.74 million shares worth more than $564.8 million. As of 2024-06-30, SILVER LAKE GROUP, L.L.C. held 8.9721% of shares outstanding.
The other major institutional holder is SC US (TTGP), LTD., with the holding of over 32.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $524.39 million and represent 8.3301% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund of America Inc and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 4.43% shares in the company for having 17.84 shares of worth $439.99 million while later fund manager owns 8.78 shares of worth $216.43 million as of Sep 30, 2024 , which makes it owner of about 2.18% of company’s outstanding stock.
