Unity Software (U) Set to Announce Earnings on Tuesday

Unity Software (NYSE:U – Get Rating) is set to post its quarterly earnings results after the market closes on Tuesday, May 10th. Analysts expect Unity Software to post earnings of ($0.40) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Unity Software (NYSE:U – Get Rating) last issued its earnings results on Thursday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Unity Software had a negative return on equity of 20.13% and a negative net margin of 47.96%. The firm had revenue of $315.86 million for the quarter, compared to analyst estimates of $291.21 million. During the same period in the previous year, the company earned ($0.28) earnings per share. On average, analysts expect Unity Software to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Shares of NYSE:U opened at $68.65 on Tuesday. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.71. Unity Software has a twelve month low of $64.14 and a twelve month high of $210.00. The stock’s 50 day moving average is $90.13 and its 200-day moving average is $121.52. The firm has a market capitalization of $20.32 billion, a price-to-earnings ratio of -36.32 and a beta of 2.38.

In other Unity Software news, SVP Marc Whitten sold 2,283 shares of the firm’s stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $98.59, for a total value of $225,080.97. Following the completion of the transaction, the senior vice president now owns 219,897 shares in the company, valued at approximately $21,679,645.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Clive Downie sold 32,934 shares of the firm’s stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $106.69, for a total value of $3,513,728.46. The disclosure for this sale can be found here. Insiders have sold a total of 129,325 shares of company stock valued at $13,315,129 in the last quarter. 19.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carroll Investors Inc purchased a new position in shares of Unity Software in the fourth quarter worth approximately $65,000. NEXT Financial Group Inc boosted its stake in shares of Unity Software by 22.8% during the fourth quarter. NEXT Financial Group Inc now owns 690 shares of the company’s stock valued at $98,000 after purchasing an additional 128 shares during the period. Harbour Investments Inc. lifted its stake in Unity Software by 9.9% in the fourth quarter. Harbour Investments Inc. now owns 1,036 shares of the company’s stock worth $148,000 after acquiring an additional 93 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Unity Software in the fourth quarter worth about $248,000. Finally, Dimensional Fund Advisors LP bought a new position in Unity Software in the third quarter worth about $411,000. Institutional investors own 75.48% of the company’s stock.

A number of brokerages have recently weighed in on U. Credit Suisse Group lowered their target price on Unity Software from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Friday, February 4th. Oppenheimer lowered their price target on Unity Software from $185.00 to $135.00 in a research report on Friday, February 4th. The Goldman Sachs Group lowered their price target on Unity Software from $154.00 to $137.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. BTIG Research lowered their price target on Unity Software from $171.00 to $154.00 in a research report on Friday, February 4th. Finally, Stifel Nicolaus lowered their price target on Unity Software from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 21st. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $149.64.

About Unity Software (Get Rating)

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.

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