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Shares of Udemy, Inc. (NASDAQ:UDMY – Get Rating) have earned an average rating of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a 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 $27.92.
UDMY has been the subject of several recent analyst reports. Zacks Investment Research cut Udemy from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird cut their target price on Udemy from $25.00 to $18.00 in a research note on Thursday, May 5th. Piper Sandler cut their target price on Udemy from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, February 10th. Cantor Fitzgerald initiated coverage on Udemy in a research note on Tuesday, March 29th. They set an “overweight” rating and a $22.00 target price for the company. Finally, Berenberg Bank initiated coverage on Udemy in a research note on Thursday, March 17th. They set a “buy” rating and a $30.00 target price for the company.
Shares of UDMY stock opened at $11.64 on Tuesday. The company has a 50 day moving average of $11.86. 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 quarterly earnings results on Wednesday, May 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.06. The company had revenue of $152.20 million during the quarter, compared to the consensus estimate of $146.63 million. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. On average, research analysts predict that Udemy will post -0.94 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Insight Holdings Group LLC bought a new position in Udemy during the 4th quarter worth $819,390,000. Naspers Ltd. bought a new position in Udemy during the 4th quarter worth $334,541,000. Caledonia Private Investments Pty Ltd raised its position in Udemy by 38.2% during the 1st quarter. Caledonia Private Investments Pty Ltd now owns 3,810,596 shares of the company’s stock worth $47,480,000 after purchasing an additional 1,053,021 shares during the last quarter. BlackRock Inc. bought a new position in Udemy during the 4th quarter worth $34,673,000. Finally, Norges Bank bought a new position in Udemy during the 4th quarter worth $28,793,000. 66.69% of the stock is owned by institutional investors and hedge funds.
Udemy Company Profile (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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