Unity Software Inc. [U] Revenue clocked in at $1.11 billion, down -66.34% YTD: What’s Next?


Unity Software Inc. [NYSE: U] slipped around -2.25 points on Tuesday, while shares priced at $48.13 at the close of the session, down -4.47%. The company report on May 10, 2022 that Unity Announces First Quarter 2022 Financial Results.

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Company delivered record quarter with $320 million in revenue during the first quarter of 2022, up 36% year-over-year.

Unity Software Inc. (NYSE: U), the world’s leading platform for creating and operating interactive, real-time 3D (RT3D) content, today announced first quarter 2022 revenue of $320.1 million, which is up 36% from the same period in 2021 and at top of guidance.

Unity Software Inc. stock is now -66.34% down from its year-to-date (YTD) trading value. U Stock saw the intraday high of $53.65 and lowest of $44.55 per share. The company’s 52-week high price is 210.00, which means current price is +8.04% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 3.79M shares, U reached a trading volume of 17505482 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Unity Software Inc. [U]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for U shares is $135.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on U stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Unity Software Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 07, 2022. While these analysts kept the previous recommendation, Daiwa Securities raised their target price to Outperform. The new note on the price target was released on March 28, 2022, representing the official price target for Unity Software Inc. stock. Previously, the target price had yet another raise to $100, while Jefferies analysts kept a Hold rating on U stock.

The Average True Range (ATR) for Unity Software Inc. is set at 6.83, with the Price to Sales ratio for U stock in the period of the last 12 months amounting to 13.87. The Price to Book ratio for the last quarter was 5.80, with the Price to Cash per share for the same quarter was set at 5.43.

How has U stock performed recently?

Unity Software Inc. [U] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -29.09. With this latest performance, U shares dropped by -46.93% in over the last four-week period, additionally sinking by -70.49% over the last 6 months – not to mention a drop of -43.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for U stock in for the last two-week period is set at 23.77, with the RSI for the last a single of trading hit 17.41, and the three-weeks RSI is set at 28.67 for Unity Software Inc. [U]. The present Moving Average for the last 50 days of trading for this stock 85.35, while it was recorded at 57.46 for the last single week of trading, and 120.88 for the last 200 days.

Unity Software Inc. [U]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Unity Software Inc. [U] shares currently have an operating margin of -46.70 and a Gross Margin at +77.16. Unity Software Inc.’s Net Margin is presently recorded at -47.96.

Return on Equity for this stock declined to -24.04, with Return on Assets sitting at -14.18.

Unity Software Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 3.40.

Insider trade positions for Unity Software Inc. [U]

There are presently around $11,138 million, or 74.20% of U stock, in the hands of institutional investors. The top three institutional holders of U stocks are: SILVER LAKE GROUP, L.L.C. with ownership of 34,984,419, which is approximately -14.211% of the company’s market cap and around 1.60% of the total institutional ownership; SC US (TTGP), LTD., holding 23,361,732 shares of the stock with an approximate value of $1.18 billion in U stocks shares; and RESOLUTE ADVISORS LLC, currently with $1.1 billion in U stock with ownership of nearly 440.742% of the company’s market capitalization.

Positions in Unity Software Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 365 institutional holders increased their position in Unity Software Inc. [NYSE:U] by around 42,044,498 shares. Additionally, 252 investors decreased positions by around 21,443,594 shares, while 60 investors held positions by with 157,593,772 shares. The mentioned changes placed institutional holdings at 221,081,864 shares, according to the latest SEC report filing. U stock had 144 new institutional investments in for a total of 4,084,828 shares, while 103 institutional investors sold positions of 3,319,059 shares during the same period.