Unity Software Inc. (NYSE: U ) underwent a major restructuring at the beginning of FY24 and may now be undergoing a transitional period before a potential return to growth. With the release of Unity 6 andMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, ...

Unity Software Inc. (U) closed at $21.96 in the latest trading session, marking a +1.2% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.12%. Elsewhere, the Dow gained 0.52%, while the tech-heavy Nasdaq lost 0.23%.Prior to today's trading, shares of the company had lost 13.75% over the past month. This has lagged the Computer and Technology sector's loss of 3.73% and the S&P 500's loss of 3.45% in that time.The upcoming earnings release of Unity Software Inc. will ...

Unity Software Inc. (U) shares ended the last trading session 9.1% higher at $24.51. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.7% loss over the past four weeks.The upswing in share price came following a social media post from meme stock trader Keith Gill, known online as Roaring Kitty. Gill, who notably spurred on the GameStop rally of 2021, posted a short clip of the musician Rick James who has a song ca ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

Unity Software (U) shares have declined 40% year to date (YTD), underperforming the broader Zacks Computer and Technology sector’s appreciation of 29.8%.It has also underperformed the Zacks Internet - Software industry and its peers, such as Fortinet (FTNT) , monday.com (MNDY) and Audioeye (AEYE) .In the same time frame, shares of AEYE, FTNT, and MNDY have returned 377.7%, 63.7%, and 49.4%, respectively. The industry has appreciated 35.1% YTD. The company’s underperformance can be attributed to declining Gr ...

Turnarounds are not the most popular of recommendations-particularly in the IT space. I doubt if their success ratio reaches 50%. They sound good in theBert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Street Journa ...

The up-and-down saga that is Unity Software's (U 3.84%) trajectory over the past few years was far more up than down this week. Although the influential video game engine developer had little news of its own to report, an analyst's new take helped bolster investor sentiment on its business. According to data compiled by S&P Global Market Intelligence, as of early morning Friday Unity stock was up nearly 30% in price week to date. A pundit stands by his buyOn Wednesday, white-shoe investment bank Morgan Stan ...

Video game engine developer Unity (U 3.75%) is a classic case of a company with incredible assets that nevertheless fumbled its way into a crisis. Unity is one of two major commercial game engines that dominate the market, along with Epic Games' Unreal Engine. There are plenty of other options, but the path of least resistance is Unity or Unreal.Despite this dominant position, Unity has made some disastrous decisions over the past few years that have decimated the stock. First, the $4.4 billion acquisition ...

Unity Software (U 3.75%) has had difficulty executing the business plan, and that's weighing on investor sentiment.*Stock prices used were the afternoon prices of Nov. 14, 2024. The video was published on Nov. 16, 2024. ...

Investment Rating - The report maintains a "Buy" rating for Unity (U.US) with a target price raised to $25, indicating a potential upside of 29% from the current price of $22.21 [4][7][18]. Core Insights - Unity's Q3 2024 revenue reached $447 million, exceeding market expectations of $410 million. The strategic revenue segment was $429 million, showing a 2% year-over-year decline. Adjusted EBITDA was $92 million, also above prior guidance. The company has raised its Q4 guidance, expecting strategic revenue between $422 million and $427 million, corresponding to a 0%-1% year-over-year growth [2][4]. - Subscription revenue continues to show double-digit growth, with Q3 2024 Create Solutions revenue at $132 million, a 5% year-over-year increase. The company has shifted back to a seat-based subscription model, which is expected to enhance revenue predictability and developer adoption [3][4]. - Unity's advertising segment is making positive strides, with Q3 2024 Grow Solutions revenue at $298 million, a 5% year-over-year decline. The company is investing in a new data platform to improve user acquisition and monetization performance [4]. Financial Summary - For FY 2024E, Unity's revenue is projected at $1.787 billion, with adjusted EBITDA margin expected to be 21%. For FY 2025E, revenue is forecasted at $1.805 billion, with an adjusted EBITDA margin of 23% [6][10]. - The company reported a total revenue of $1.391 billion in FY 2022, which increased to $2.187 billion in FY 2023. However, a decline is expected in FY 2024E, followed by a slight recovery in FY 2025E and FY 2026E [10][11].