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Equities researchers at Cantor Fitzgerald assumed coverage on shares of Udemy (NASDAQ:UDMY – Get Rating) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set an “overweight” rating on the stock.
A number of other research firms have also commented on UDMY. Zacks Investment Research lowered shares of Udemy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 16th. JPMorgan Chase & Co. dropped their price target on shares of 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 dropped their price target on shares of Udemy from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, December 9th. Needham & Company LLC dropped their price target on shares of Udemy from $37.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, February 10th. Finally, Piper Sandler dropped their price target on shares of Udemy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, February 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $30.73.
UDMY traded up $0.07 during midday trading on Tuesday, hitting $12.89. 45,404 shares of the company’s stock traded hands, compared to its average volume of 337,432. The company’s fifty day moving average price is $13.44. Udemy has a one year low of $10.01 and a one year high of $32.62.
Udemy (NASDAQ:UDMY – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.07). The company had revenue of $137.95 million for the quarter, compared to analysts’ expectations of $132.34 million. As a group, research analysts expect that Udemy will post -0.92 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. acquired a new stake in Udemy during the fourth quarter worth $25,000. Point72 Hong Kong Ltd acquired a new stake in Udemy during the fourth quarter worth $26,000. New York State Common Retirement Fund acquired a new stake in Udemy during the fourth quarter worth $49,000. Citigroup Inc. acquired a new stake in Udemy during the fourth quarter worth $69,000. Finally, Metropolitan Life Insurance Co NY acquired a new stake in Udemy during the fourth quarter worth $94,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.
Udemy Company Profile (Get Rating)
Udemy, Inc operates a platform for teaching and learning skills in the United States and internationally. The company offers technical and business skills, and personal development courses for individual learners and enterprise customers. Its platform allows to access approximately 183,000 courses in 75 languages.
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