Posted by admin on May 28th, 2022 
Equities research analysts expect Udemy, Inc. (NASDAQ:UDMY – Get Rating) to report sales of $149.50 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Udemy’s earnings, with the lowest sales estimate coming in at $148.18 million and the highest estimate coming in at $151.10 million. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Udemy will report full year sales of $623.96 million for the current year, with estimates ranging from $619.40 million to $629.20 million. For the next fiscal year, analysts forecast that the business will post sales of $764.59 million, with estimates ranging from $723.70 million to $794.90 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Udemy.
Udemy (NASDAQ:UDMY – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.06. The business had revenue of $152.20 million during the quarter, compared to analysts’ expectations of $146.63 million. During the same period in the previous year, the company posted ($0.21) earnings per share. Udemy’s quarterly revenue was up 22.2% on a year-over-year basis.
UDMY has been the subject of several recent analyst reports. Needham & Company LLC decreased their price objective on shares of Udemy from $25.00 to $17.00 in a report on Thursday, May 5th. Robert W. Baird reduced their target price on shares of Udemy from $25.00 to $18.00 in a research note on Thursday, May 5th. Zacks Investment Research lowered shares of Udemy from a “buy” rating to a “hold” rating in a research report on Friday, May 13th. Berenberg Bank assumed coverage on shares of Udemy in a report on Thursday, March 17th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Cantor Fitzgerald started coverage on shares of Udemy in a research report on Tuesday, March 29th. They set an “overweight” rating and a $22.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $26.85.
Shares of UDMY opened at $16.22 on Friday. Udemy has a 1 year low of $9.66 and a 1 year high of $32.62. The company’s 50 day simple moving average is $12.14 and its 200 day simple moving average is $15.75.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Naspers Ltd. purchased a new stake in Udemy during the fourth quarter worth $334,541,000. New York State Common Retirement Fund purchased a new position in Udemy in the 4th quarter valued at about $49,000. Emerald Mutual Fund Advisers Trust purchased a new position in Udemy in the 4th quarter worth approximately $2,937,000. Rokos Capital Management LLP purchased a new stake in shares of Udemy during the 4th quarter valued at approximately $762,000. Finally, HBK Investments L P purchased a new stake in shares of Udemy during the 4th quarter valued at approximately $1,466,000. 66.69% of the stock is currently owned by institutional investors.
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.
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