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Udemy (NASDAQ:UDMY – Get Rating) had its target price decreased by equities research analysts at Robert W. Baird from $20.00 to $16.00 in a report issued on Monday, The Fly reports. Robert W. Baird’s price objective points to a potential upside of 30.72% from the company’s current price.
Other analysts have also recently issued reports about the company. Piper Sandler upped their target price on Udemy from $13.00 to $14.50 and gave the company a “neutral” rating in a report on Friday, November 4th. JPMorgan Chase & Co. reduced their target price on Udemy from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Finally, KeyCorp upped their target price on Udemy from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Udemy has an average rating of “Moderate Buy” and an average target price of $18.17.
Udemy Trading Down 1.8 %
NASDAQ:UDMY opened at $12.24 on Monday. The stock has a market cap of $1.73 billion, a P/E ratio of -11.33 and a beta of 1.46. The stock’s 50-day moving average is $14.26 and its 200-day moving average is $13.53. Udemy has a 1-year low of $9.47 and a 1-year high of $22.17.
Udemy (NASDAQ:UDMY – Get Rating) last announced its earnings results on Wednesday, November 2nd. The company reported ($0.32) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $155.18 million. As a group, equities analysts forecast that Udemy will post -1.02 EPS for the current year.
Hedge Funds Weigh In On Udemy
Institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund raised its position in shares of Udemy by 277.1% during the first quarter. New York State Common Retirement Fund now owns 9,428 shares of the company’s stock worth $117,000 after purchasing an additional 6,928 shares during the period. Keebeck Alpha LP acquired a new position in shares of Udemy during the first quarter worth approximately $127,000. Bank of New York Mellon Corp raised its position in shares of Udemy by 46.3% during the first quarter. Bank of New York Mellon Corp now owns 74,335 shares of the company’s stock worth $926,000 after purchasing an additional 23,527 shares during the period. Group One Trading L.P. acquired a new position in shares of Udemy during the first quarter worth approximately $100,000. Finally, Sycomore Asset Management acquired a new position in shares of Udemy during the first quarter worth approximately $916,000. 73.46% 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.
Further Reading
- Get a free copy of the StockNews.com research report on Udemy (UDMY)
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