Unity Software Inc (NYSE: U) is -47.10% lower on its value in year-to-date trading and has touched a low of $13.90 and a high of $43.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The U stock was last observed hovering at around $19.80 in the last trading session, with the day’s gains setting it 1.83%.
Currently trading at $21.63, the stock is 7.23% and 3.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.89 million and changing 9.24% at the moment leaves the stock 1.18% off its SMA200. U registered -26.53% loss for a year compared to 6-month gain of 5.77%. The firm has a 50-day simple moving average (SMA 50) of $20.7522 and a 200-day simple moving average (SMA200) of $21.42995.
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The stock witnessed a 1.98% loss in the last 1 month and extending the period to 3 months gives it a 28.22%, and is 13.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.24% over the week and 6.03% over the month.
Unity Software Inc (U) has around 6748 employees, a market worth around $8.71B and $1.97B in sales. Fwd P/E is 28.87. Profit margin for the company is -40.41%. Distance from 52-week low is 55.67% and -50.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.42%).
The EPS is expected to shrink by -15.74% this year
592.0 institutions hold shares in Unity Software Inc (U), with institutional investors hold 86.10% of the company’s shares. The shares outstanding are 384.87M, and float is at 287.06M with Short Float at 8.50%. Institutions hold 76.93% of the Float.
The top institutional shareholder in the company is SILVER LAKE GROUP, L.L.C. with over 34.74 million shares valued at $564.8 million. The investor’s holdings represent 8.9721 of the U Shares outstanding. As of 2024-06-30, the second largest holder is SC US (TTGP), LTD. with 32.25 million shares valued at $524.39 million to account for 8.3301 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 27.97 million shares representing 7.2247 and valued at over $454.8 million, while BLACKROCK INC. holds 4.2479 of the shares totaling 16.45 million with a market value of $267.41 million.
Unity Software Inc (U) Insider Activity
The most recent transaction is an insider sale by Dovrat Shlomo, the company’s Director. SEC filings show that Dovrat Shlomo sold 112,856 shares of the company’s common stock on Nov 19 ’24 at a price of $19.04 per share for a total of $2.15 million. Following the sale, the insider now owns 0.0 shares.
Unity Software Inc disclosed in a document filed with the SEC on Nov 18 ’24 that Dovrat Shlomo (Director) sold a total of 3,750 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $17.99 per share for $67462.0. Following the transaction, the insider now directly holds 2.39 million shares of the U stock.
Still, SEC filings show that on Nov 19 ’24, VPARTNERS III (CAYMAN), L.P. (Affiliate) Proposed Sale 62,481 shares at an average price of $19.04 for $1.19 million. The insider now directly holds shares of Unity Software Inc (U).
