Udemy, Inc. (NASDAQ:UDMY – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.38.
Several analysts have recently commented on the stock. Canaccord Genuity Group assumed coverage on shares of Udemy in a research report on Thursday, August 8th. They set a “buy” rating and a $12.00 price target on the stock. KeyCorp decreased their price target on Udemy from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Udemy in a research report on Thursday, August 1st. Cantor Fitzgerald raised shares of Udemy to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Robert W. Baird dropped their price target on shares of Udemy from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st.
Get Our Latest Research Report on UDMY
Insider Buying and Selling
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ariadne Wealth Management LP purchased a new stake in shares of Udemy during the 2nd quarter worth $67,000. Quest Partners LLC raised its stake in Udemy by 6,957.5% in the second quarter. Quest Partners LLC now owns 8,963 shares of the company’s stock valued at $77,000 after buying an additional 8,836 shares in the last quarter. XTX Topco Ltd purchased a new stake in Udemy during the 2nd quarter worth about $93,000. Natixis boosted its position in shares of Udemy by 60.8% during the 1st quarter. Natixis now owns 8,967 shares of the company’s stock worth $99,000 after acquiring an additional 3,391 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Udemy by 18.8% in the 1st quarter. Principal Financial Group Inc. now owns 12,053 shares of the company’s stock valued at $132,000 after acquiring an additional 1,904 shares during the last quarter. Institutional investors and hedge funds own 79.48% of the company’s stock.
Udemy Stock Down 0.4 %
Shares of UDMY opened at $8.04 on Friday. Udemy has a 52-week low of $6.67 and a 52-week high of $16.01. The stock has a fifty day simple moving average of $8.04 and a two-hundred day simple moving average of $9.14. The company has a market capitalization of $1.23 billion, a PE ratio of -15.17 and a beta of 1.99.
Udemy (NASDAQ:UDMY – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.07). Udemy had a negative return on equity of 26.62% and a negative net margin of 11.39%. The firm had revenue of $194.36 million for the quarter, compared to analyst estimates of $194.17 million. As a group, equities analysts anticipate that Udemy will post -0.52 earnings per share for the current fiscal year.
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.
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