Udemy, Inc. (NASDAQ:UDMY) to Post Q1 2023 Earnings of ($0.18) Per Share, William Blair Forecasts – MarketBeat

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MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
2.39 out of 5 stars
231st out of 630 stocks
8th out of 21 stocks
Udemy has received a consensus rating of Buy. The company’s average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
According to analysts’ consensus price target of $18.39, Udemy has a forecasted upside of 50.2% from its current price of $12.24.
Udemy has only been the subject of 3 research reports in the past 90 days.
Udemy does not currently pay a dividend.
Udemy does not have a long track record of dividend growth.
In the past three months, Udemy insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,958.00 in company stock.
39.20% of the stock of Udemy is held by insiders. A high percentage of insider ownership can be a sign of company health.
73.46% of the stock of Udemy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings for Udemy are expected to grow in the coming year, from ($1.02) to ($0.87) per share.
The P/E ratio of Udemy is -11.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
The P/E ratio of Udemy is -11.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Udemy has a P/B Ratio of 4.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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. The company's courses offer learning objectives, such as reskilling or upskilling in technology and business, and soft skills, as well as learners receive access to interactive learning tools comprising quizzes, exercises, and instructor questions-and-answers. Udemy, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.
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7 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Udemy in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “buy” UDMY shares.
View UDMY analyst ratings
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7 brokerages have issued twelve-month target prices for Udemy’s stock. Their UDMY share price forecasts range from $14.00 to $30.00. On average, they expect the company’s share price to reach $18.39 in the next year. This suggests a possible upside of 50.2% from the stock’s current price.
View analysts price targets for UDMY
or view top-rated stocks among Wall Street analysts.
Udemy’s stock was trading at $19.54 at the beginning of 2022. Since then, UDMY shares have decreased by 37.4% and is now trading at $12.24.
View the best growth stocks for 2022 here
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our UDMY earnings forecast
.
Udemy, Inc. (NASDAQ:UDMY) posted its earnings results on Wednesday, November, 2nd. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.07. The business had revenue of $158.43 million for the quarter, compared to analyst estimates of $155.18 million. Udemy had a negative net margin of 23.37% and a negative trailing twelve-month return on equity of 36.30%.
Udemy updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $164.00 million-$167.00 million, compared to the consensus revenue estimate of $167.16 million.
(UDMY) raised $406 million in an IPO on Friday, October 29th 2021. The company issued 14,500,000 shares at $27.00-$29.00 per share.
Udemy trades on the NASDAQ under the ticker symbol “UDMY.”
Udemy’s stock is owned by a number of retail and institutional investors. Top institutional investors include Norwest Venture Partners XII LP (4.41%), Vanguard Group Inc. (3.84%), BlackRock Inc. (2.91%), State Street Corp (0.90%), Credit Suisse AG (0.57%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Gregory Scott Brown, Prasad Gune, Sarah Blanchard and Venu Venugopal.
View institutional ownership trends
.
Shares of UDMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
One share of UDMY stock can currently be purchased for approximately $12.24.
Udemy (NASDAQ:UDMY) has a market capitalization of $1.73 billion and generates $518.16 million in revenue each year. The company earns $-80,030,000.00 in net income (profit) each year or ($1.08) on an earnings per share basis.
The company employs 1,238 workers across the globe.
The official website for the company is www.udemy.com. The company can be reached via phone at 415-813-1710 or via email at [email protected].
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