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Udemy (NASDAQ:UDMY – Get Rating) had its price objective increased by stock analysts at KeyCorp from $16.00 to $19.00 in a research note issued on Friday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 32.31% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Piper Sandler upped their price target on shares of Udemy from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 4th. JPMorgan Chase & Co. reduced their price target on shares of Udemy from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 3rd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.38.
Udemy Stock Performance
UDMY opened at $14.36 on Friday. The firm’s 50-day simple moving average is $14.02 and its 200-day simple moving average is $13.23. Udemy has a twelve month low of $9.47 and a twelve month high of $32.62. The firm has a market cap of $2.03 billion and a price-to-earnings ratio of -13.30.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Caledonia Private Investments Pty Ltd lifted its position in Udemy by 70.7% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 6,503,198 shares of the company’s stock valued at $66,398,000 after purchasing an additional 2,692,602 shares during the period. Vanguard Group Inc. lifted its position in Udemy by 17.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,424,381 shares of the company’s stock valued at $65,580,000 after purchasing an additional 797,005 shares during the period. BlackRock Inc. lifted its position in Udemy by 16.9% during the 3rd quarter. BlackRock Inc. now owns 4,107,228 shares of the company’s stock valued at $49,657,000 after purchasing an additional 592,661 shares during the period. State Street Corp raised its position in shares of Udemy by 16.8% in the 3rd quarter. State Street Corp now owns 1,264,896 shares of the company’s stock valued at $15,293,000 after acquiring an additional 182,127 shares during the period. Finally, Credit Suisse AG raised its position in shares of Udemy by 9.1% in the 3rd quarter. Credit Suisse AG now owns 801,067 shares of the company’s stock valued at $9,685,000 after acquiring an additional 66,722 shares during the period. 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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