Cantor Fitzgerald Comments on Udemy FY2024 Earnings

Udemy, Inc. (NASDAQ:UDMY) – Analysts at Cantor Fitzgerald issued their FY2024 EPS estimates for shares of Udemy in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst Y. Lee anticipates that the company will post earnings of ($0.45) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $11.00 price objective on the stock. The consensus estimate for Udemy’s current full-year earnings is ($0.47) per share. Cantor Fitzgerald also issued estimates for Udemy’s FY2025 earnings at ($0.32) EPS.

Udemy (NASDAQ:UDMY) last released its earnings results on Tuesday, October 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $195.42 million for the quarter, compared to the consensus estimate of $192.69 million. Udemy had a negative return on equity of 29.36% and a negative net margin of 12.33%. Udemy’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) earnings per share.

A number of other analysts have also recently commented on UDMY. Scotiabank initiated coverage on shares of Udemy in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 price target for the company. Morgan Stanley downgraded shares of Udemy from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $10.00 to $7.50 in a research note on Friday, September 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Udemy in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.92.

Udemy Trading Up 0.7 %

NASDAQ UDMY opened at $7.54 on Friday. The company has a market cap of $1.10 billion, a PE ratio of -11.97 and a beta of 1.87. Udemy has a 12 month low of $6.67 and a 12 month high of $14.74. The stock has a 50 day moving average of $8.14 and a 200-day moving average of $8.07.

Insider Transactions at Udemy

In other Udemy news, major shareholder Ltd Naspers sold 3,200,000 shares of Udemy stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $7.84, for a total value of $25,088,000.00. Following the completion of the transaction, the insider now directly owns 13,920,840 shares of the company’s stock, valued at $109,139,385.60. The trade was a 18.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Eren Bali sold 35,518 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $9.00, for a total value of $319,662.00. Following the sale, the chief technology officer now directly owns 2,225,532 shares in the company, valued at approximately $20,029,788. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,255,518 shares of company stock valued at $25,579,762. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Udemy

A number of large investors have recently modified their holdings of UDMY. Point72 DIFC Ltd acquired a new stake in Udemy in the third quarter valued at approximately $30,000. Nisa Investment Advisors LLC lifted its stake in shares of Udemy by 496.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock valued at $59,000 after acquiring an additional 6,010 shares during the last quarter. Ariadne Wealth Management LP acquired a new stake in shares of Udemy during the 2nd quarter valued at $67,000. Victory Capital Management Inc. acquired a new position in Udemy in the 3rd quarter worth about $75,000. Finally, Falcon Wealth Planning bought a new position in Udemy in the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 79.48% of the company’s stock.

About Udemy

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.