Posted by admin on Aug 7th, 2022 
Udemy (NASDAQ:UDMY – Get Rating) had its price objective hoisted by Piper Sandler from $11.00 to $13.00 in a research report report published on Thursday morning, Marketbeat.com reports. They currently have a neutral rating on the stock.
A number of other analysts also recently weighed in on the company. Needham & Company LLC dropped their target price on Udemy from $25.00 to $17.00 in a research report on Thursday, May 5th. Robert W. Baird lowered their price objective on Udemy from $25.00 to $18.00 in a research report on Thursday, May 5th. Jefferies Financial Group upped their target price on Udemy from $11.00 to $15.00 in a report on Tuesday, May 31st. KeyCorp decreased their target price on Udemy from $20.00 to $15.00 in a report on Thursday, May 5th. Finally, Morgan Stanley decreased their target price on Udemy from $17.00 to $16.00 and set an equal weight rating for the company in a report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Udemy currently has a consensus rating of Moderate Buy and an average price target of $24.17.
Shares of NASDAQ UDMY opened at $14.97 on Thursday. Udemy has a 12 month low of $9.47 and a 12 month high of $32.62. The firm has a market capitalization of $2.09 billion and a price-to-earnings ratio of -14.97. The business has a 50-day moving average of $12.04 and a 200-day moving average of $12.52.
Udemy (NASDAQ:UDMY – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.06. Udemy had a negative return on equity of 45.33% and a negative net margin of 18.01%. The company had revenue of $152.20 million during the quarter, compared to analyst estimates of $146.63 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. Udemy’s revenue was up 22.2% on a year-over-year basis. On average, analysts predict that Udemy will post -0.93 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new stake in Udemy in the fourth quarter worth $25,000. Point72 Hong Kong Ltd purchased a new stake in Udemy in the fourth quarter worth $26,000. FNY Investment Advisers LLC purchased a new stake in Udemy in the first quarter worth $37,000. Lazard Asset Management LLC purchased a new stake in Udemy in the first quarter worth $46,000. Finally, New York State Common Retirement Fund purchased a new stake in Udemy in the fourth quarter worth $49,000. 66.69% of the stock is owned by hedge funds and other institutional investors.
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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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Piper Sandler Boosts Udemy (NASDAQ:UDMY) Price Target to $13.00
