Analyst Expect Big Moves From Unity Software Inc (NYSE: U)

Currently, there are 384.87M common shares owned by the public and among those 282.92M shares have been available to trade.

The company’s stock has a 5-day price change of 25.54% and 18.65% over the past three months. U shares are trading -51.31% year to date (YTD), with the 12-month market performance down to -45.93% lower. It has a 12-month low price of $13.90 and touched a high of $43.54 over the same period. U has an average intraday trading volume of 10.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.55%, 21.81%, and -19.86% respectively.

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Institutional ownership of Unity Software Inc (NYSE: U) shares accounts for 53.46% of the company’s 384.87M shares outstanding.

It has a market capitalization of $7.90B and a beta (3y monthly) value of 2.21. The earnings-per-share (ttm) stands at -$2.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.77% over the week and 6.22% over the month.

Analysts forecast that Unity Software Inc (U) will achieve an EPS of -0.36 for the current quarter, -0.39 for the next quarter and -1.15 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.49 while analysts give the company a high EPS estimate of -0.49. Comparatively, EPS for the current quarter was -0.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -20.36%, and -12.19% over the next financial year.

Looking at the support for the U, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on September 13, 2024, with the firm’s price target at $20-$25. Morgan Stanley coverage for the Unity Software Inc (U) stock in a research note released on September 03, 2024 offered a Overweight rating with a price target of $22. Piper Sandler on their part issued Underweight rating on January 02, 2024.

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