Udemy, Inc. (NASDAQ:UDMY – Get Free Report) 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.
View Our Latest Stock Report on Udemy
Insider Transactions at Udemy
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 – Get Free Report) 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.
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