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Udemy (NASDAQ:UDMY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.
According to Zacks, “Udemy Inc. develops educational software solutions. The Company offers an online course in various subjects including technology, Internet, business, creative and performing arts, health and fitness, language and music. Udemy Inc. is based in San Francisco, United States. “
A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Udemy from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 14th. Truist Financial cut their target price on Udemy from $42.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, December 9th. Bank of America started coverage on Udemy in a research note on Tuesday, November 23rd. They set a “buy” rating and a $40.00 target price on the stock. KeyCorp dropped their price objective on Udemy from $37.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, February 3rd. Finally, William Blair started coverage on Udemy in a research note on Tuesday, November 23rd. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Udemy currently has an average rating of “Buy” and an average target price of $33.90.
NASDAQ:UDMY opened at $15.95 on Wednesday. The firm’s 50-day moving average is $17.67. Udemy has a 52-week low of $13.27 and a 52-week high of $32.62.
This is the American crisis almost nobody sees coming.
This is the American crisis almost nobody sees coming.
Udemy (NASDAQ:UDMY) last announced its quarterly earnings data on Tuesday, December 7th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The business had revenue of $129.60 million during the quarter, compared to analysts’ expectations of $125.59 million. Udemy’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, equities research analysts expect that Udemy will post -0.72 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. purchased a new position in Udemy in the 4th quarter worth $25,000. New York State Common Retirement Fund acquired a new stake in Udemy during the 4th quarter worth about $49,000. Bank of America Corp DE acquired a new stake in Udemy during the 4th quarter worth about $2,276,000. Northern Trust Corp acquired a new stake in shares of Udemy during the 4th quarter valued at about $2,414,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Udemy during the 4th quarter valued at about $2,937,000.
About Udemy
Udemy Inc develops educational software solutions. The Company offers an online course in various subjects including technology, Internet, business, creative and performing arts, health and fitness, language and music. Udemy Inc is based in San Francisco, United States.
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Get a free copy of the Zacks research report on Udemy (UDMY)
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