Cantor Fitzgerald Weighs in on Udemy FY2024 Earnings

Udemy, Inc. (NASDAQ:UDMY) – Equities researchers at Cantor Fitzgerald issued their FY2024 EPS estimates for Udemy in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst Y. Lee forecasts that the company will post earnings per share of ($0.45) for the year. Cantor Fitzgerald has a “Overweight” rating and a $11.00 price target 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 quarterly earnings data on Tuesday, October 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $195.42 million during the quarter, compared to analyst estimates of $192.69 million. Udemy had a negative net margin of 12.33% and a negative return on equity of 29.36%. Udemy’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) EPS.

A number of other brokerages have also recently issued reports on UDMY. Scotiabank began coverage on Udemy in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Udemy in a report on Friday, January 17th. Finally, Morgan Stanley lowered shares of Udemy from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $10.00 to $7.50 in a research note on Friday, September 27th. 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 company. According to MarketBeat.com, Udemy currently has an average rating of “Moderate Buy” and a consensus price target of $10.92.

Udemy Trading Up 0.7 %

UDMY opened at $7.49 on Friday. The stock has a 50-day moving average of $8.16 and a 200-day moving average of $8.09. Udemy has a 52-week low of $6.67 and a 52-week high of $14.74.

Institutional Trading of Udemy

Several institutional investors have recently made changes to their positions in UDMY. Falcon Wealth Planning bought a new position in shares of Udemy during the 4th quarter worth approximately $85,000. SG Americas Securities LLC increased its position in shares of Udemy by 22.2% during the 4th quarter. SG Americas Securities LLC now owns 29,674 shares of the company’s stock worth $244,000 after purchasing an additional 5,384 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Udemy by 496.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock valued at $59,000 after buying an additional 6,010 shares in the last quarter. Mirador Capital Partners LP bought a new stake in Udemy during the fourth quarter worth about $148,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Udemy by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company’s stock worth $1,476,000 after buying an additional 41,145 shares in the last quarter. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Udemy

In other news, CEO Gregory Scott Brown sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $8.50, for a total transaction of $85,000.00. Following the sale, the chief executive officer now directly owns 1,203,727 shares in the company, valued at approximately $10,231,679.50. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Eren Bali sold 35,518 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $9.00, for a total value of $319,662.00. Following the completion of the transaction, the chief technology officer now owns 2,225,532 shares of the company’s stock, valued at $20,029,788. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,255,518 shares of company stock worth $25,579,762 over the last three months. Company insiders own 3.20% of the company’s stock.

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.