Posted by admin on Apr 15th, 2022 
Wall Street brokerages expect that Udemy, Inc. (NASDAQ:UDMY – Get Rating) will post earnings per share (EPS) of ($0.16) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Udemy’s earnings, with estimates ranging from ($0.18) to ($0.15). The business is expected to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Udemy will report full year earnings of ($0.63) per share for the current fiscal year, with EPS estimates ranging from ($0.75) to ($0.50). For the next year, analysts anticipate that the business will report earnings of ($0.49) per share, with EPS estimates ranging from ($0.68) to ($0.23). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Udemy.
Udemy (NASDAQ:UDMY – Get Rating) last released its earnings results on Wednesday, February 9th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). The firm had revenue of $137.95 million during the quarter, compared to analysts’ expectations of $132.34 million.
A number of research firms have recently commented on UDMY. Robert W. Baird cut their price target on Udemy from $42.00 to $25.00 in a report on Monday, March 7th. Piper Sandler reduced their price target on Udemy from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, February 10th. KeyCorp dropped their target price on Udemy from $37.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, February 3rd. Berenberg Bank began coverage on Udemy in a research note on Thursday, March 17th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Cantor Fitzgerald began coverage on Udemy in a research report on Tuesday, March 29th. They set an “overweight” rating and a $22.00 target price on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $28.77.
Shares of NASDAQ:UDMY opened at $12.51 on Friday. Udemy has a 52-week low of $10.01 and a 52-week high of $32.62. The business has a 50 day moving average price of $12.75.
A number of institutional investors have recently modified their holdings of UDMY. Insight Holdings Group LLC bought a new stake in shares of Udemy in the 4th quarter valued at $819,390,000. Naspers Ltd. purchased a new position in shares of Udemy during the fourth quarter worth approximately $334,541,000. Caledonia Private Investments Pty Ltd purchased a new position in shares of Udemy in the fourth quarter worth $53,883,000. BlackRock Inc. bought a new stake in Udemy in the fourth quarter valued at $34,673,000. Finally, Norges Bank bought a new stake in shares of Udemy during the 4th quarter valued at $28,793,000. Institutional investors and hedge funds own 0.45% of the company’s stock.
About Udemy (Get Rating)
Udemy, Inc operates a 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 allows to access approximately 183,000 courses in 75 languages.
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