Udemy, Inc. (NASDAQ:UDMY) Given Average Rating of “Moderate Buy” by Analysts

Udemy, Inc. (NASDAQ:UDMY) has been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.90.

A number of research analysts have commented on UDMY shares. Jefferies Financial Group cut their target price on shares of Udemy from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 target price on shares of Udemy in a report on Friday, May 3rd. Morgan Stanley cut their price target on Udemy from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. Robert W. Baird decreased their price objective on Udemy from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, TheStreet downgraded Udemy from a “c-” rating to a “d+” rating in a research report on Wednesday, March 6th.

Insider Transactions at Udemy

In other Udemy news, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $10.96, for a total value of $164,400.00. Following the completion of the transaction, the director now owns 1,661,050 shares of the company’s stock, valued at $18,205,108. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Sarah Blanchard sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $9.53, for a total value of $428,850.00. Following the sale, the chief financial officer now owns 1,096,663 shares in the company, valued at $10,451,198.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $10.96, for a total transaction of $164,400.00. Following the transaction, the director now directly owns 1,661,050 shares of the company’s stock, valued at $18,205,108. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,486 shares of company stock worth $675,241. Insiders own 3.20% of the company’s stock.

Institutional Trading of Udemy

Large investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. raised its position in Udemy by 261.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock valued at $70,000 after acquiring an additional 3,420 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in Udemy in the fourth quarter valued at approximately $76,000. Natixis increased its position in shares of Udemy by 60.8% in the first quarter. Natixis now owns 8,967 shares of the company’s stock valued at $99,000 after buying an additional 3,391 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Udemy by 18.8% during the 1st quarter. Principal Financial Group Inc. now owns 12,053 shares of the company’s stock worth $132,000 after buying an additional 1,904 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Udemy by 5.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,903 shares of the company’s stock valued at $205,000 after buying an additional 732 shares in the last quarter. 79.48% of the stock is owned by hedge funds and other institutional investors.

Udemy Price Performance

Shares of UDMY stock opened at $8.63 on Friday. The company has a market capitalization of $1.32 billion, a P/E ratio of -16.28 and a beta of 2.02. The company’s 50-day simple moving average is $9.21 and its two-hundred day simple moving average is $11.32. Udemy has a one year low of $7.91 and a one year high of $16.01.

Udemy (NASDAQ:UDMY) last issued its earnings results on Thursday, May 2nd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. Udemy had a negative return on equity of 23.10% and a negative net margin of 10.82%. The business had revenue of $196.85 million during the quarter, compared to analyst estimates of $194.83 million. On average, research analysts expect that Udemy will post -0.45 EPS for the current fiscal year.

Udemy Company Profile

Udemy, Inc, a learning company, that operates a marketplace platform for learning skills in the United States and internationally. The company offers skill acquisition, development, and validation courses for organizations and individuals, through direct-to-consumer or Udemy Business offerings in various languages.