Posted by admin on Jun 13th, 2022 
Udemy, Inc. (NASDAQ:UDMY – Get Rating) saw strong trading volume on Monday . 51,965 shares traded hands during trading, a decline of 90% from the previous session’s volume of 511,166 shares.The stock last traded at $11.85 and had previously closed at $12.59.
Several equities research analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Udemy from $25.00 to $18.00 in a research note on Thursday, May 5th. Needham & Company LLC cut their target price on shares of Udemy from $25.00 to $17.00 in a research note on Thursday, May 5th. KeyCorp cut their target price on shares of Udemy from $20.00 to $15.00 in a research note on Thursday, May 5th. Berenberg Bank began coverage on shares of Udemy in a research note on Thursday, March 17th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Jefferies Financial Group boosted their price target on shares of Udemy from $11.00 to $15.00 in a report on Tuesday, May 31st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $26.50.
The stock’s 50 day moving average is $12.34 and its two-hundred day moving average is $14.53.
Udemy (NASDAQ:UDMY – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.06. The business had revenue of $152.20 million for the quarter, compared to analyst estimates of $146.63 million. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.21) EPS. As a group, research analysts expect that Udemy, Inc. will post -0.93 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. Caledonia Private Investments Pty Ltd boosted its stake 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 period. State Street Corp raised its position in Udemy by 49.0% during the 1st quarter. State Street Corp now owns 251,661 shares of the company’s stock worth $3,136,000 after buying an additional 82,779 shares during the last quarter. Renaissance Technologies LLC raised its position in Udemy by 107.3% during the 1st quarter. Renaissance Technologies LLC now owns 39,600 shares of the company’s stock worth $493,000 after buying an additional 20,500 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Udemy by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 106,912 shares of the company’s stock worth $1,333,000 after buying an additional 3,455 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Udemy during the 1st quarter worth $46,000. Hedge funds and other institutional investors own 66.69% of the company’s stock.
Udemy Company Profile (NASDAQ:UDMY)
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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