Posted by admin on May 5th, 2022 
Udemy (NASDAQ:UDMY – Get Rating) had its target price lowered by stock analysts at KeyCorp from $20.00 to $15.00 in a report released on Thursday, The Fly reports. KeyCorp’s price objective would indicate a potential upside of 48.22% from the company’s previous close.
UDMY has been the topic of several other reports. Piper Sandler lowered their target price on Udemy from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, February 10th. Zacks Investment Research upgraded Udemy from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, April 13th. Needham & Company LLC decreased their price objective on Udemy from $37.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 10th. Cantor Fitzgerald assumed coverage on Udemy in a report on Tuesday, March 29th. They issued an “overweight” rating and a $22.00 price objective on the stock. Finally, Berenberg Bank assumed coverage on Udemy in a report on Thursday, March 17th. They issued a “buy” rating and a $30.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $28.00.
Shares of Udemy stock opened at $10.12 on Thursday. The business’s 50 day moving average is $11.94. Udemy has a 1-year low of $9.66 and a 1-year high of $32.62.
Udemy (NASDAQ:UDMY – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The company had revenue of $152.20 million for the quarter, compared to analyst estimates of $146.63 million. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. Research analysts predict that Udemy will post -0.92 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. purchased a new stake in Udemy in the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd purchased a new stake in Udemy in the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new stake in Udemy in the first quarter valued at approximately $37,000. New York State Common Retirement Fund purchased a new stake in Udemy in the fourth quarter valued at approximately $49,000. Finally, Citigroup Inc. purchased a new stake in Udemy in the fourth quarter valued at approximately $69,000. 66.69% of the stock is currently owned by institutional investors.
About Udemy (Get Rating)
Udemy, Inc operates a marketplace 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 provides 49 million learners with access to approximately 180,000 courses through direct-to-consumer or Udemy Business offerings in approximately 75 languages.
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