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Udemy, Inc. (NASDAQ:UDMY – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $21.86.
A number of analysts have recently issued reports on UDMY shares. Piper Sandler increased their price objective on shares of Udemy from $13.00 to $14.50 and gave the stock a “neutral” rating in a research note on Friday, November 4th. JPMorgan Chase & Co. cut their target price on shares of Udemy from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 3rd. Finally, KeyCorp raised their target price on shares of Udemy from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 18th.
Udemy Stock Up 1.5 %
Shares of Udemy stock opened at $14.38 on Friday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -13.31 and a beta of 1.47. The company’s 50 day moving average is $14.21 and its 200 day moving average is $13.51. Udemy has a twelve month low of $9.47 and a twelve month high of $23.03.
Udemy (NASDAQ:UDMY – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.07). Udemy had a negative net margin of 23.37% and a negative return on equity of 36.30%. The company had revenue of $158.43 million for the quarter, compared to the consensus estimate of $155.18 million. Sell-side analysts expect that Udemy will post -1.02 EPS for the current fiscal year.
Hedge Funds Weigh In On Udemy
Large investors have recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in Udemy in the 3rd quarter worth $32,000. Daiwa Securities Group Inc. grew its holdings in shares of Udemy by 70.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the company’s stock worth $35,000 after buying an additional 1,200 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of Udemy by 141.9% during the third quarter. Point72 Hong Kong Ltd now owns 3,184 shares of the company’s stock worth $38,000 after buying an additional 1,868 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Udemy during the 1st quarter valued at about $46,000. Finally, Quantbot Technologies LP acquired a new position in shares of Udemy during the 2nd quarter valued at about $58,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.
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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