Posted by admin on Jun 2nd, 2022 
Udemy, Inc. (NASDAQ:UDMY – Get Rating) – Stock analysts at Jefferies Financial Group lifted their FY2022 earnings per share estimates for shares of Udemy in a research note issued on Tuesday, May 31st. Jefferies Financial Group analyst B. Thill now forecasts that the company will post earnings of ($0.91) per share for the year, up from their previous estimate of ($0.92). Jefferies Financial Group also issued estimates for Udemy’s FY2023 earnings at ($0.80) EPS.
Udemy (NASDAQ:UDMY – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.06. The company had revenue of $152.20 million for the quarter, compared to analyst estimates of $146.63 million. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS.
A number of other research analysts have also commented on the stock. Piper Sandler cut their price objective on shares of Udemy from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, February 10th. Robert W. Baird cut their price objective on shares of Udemy from $25.00 to $18.00 in a research report on Thursday, May 5th. Needham & Company LLC dropped their price target on shares of Udemy from $25.00 to $17.00 in a research report on Thursday, May 5th. Berenberg Bank assumed coverage on shares of Udemy in a research report on Thursday, March 17th. They issued a “buy” rating and a $30.00 price target for the company. Finally, KeyCorp dropped their price target on shares of Udemy from $20.00 to $15.00 in a research report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $25.54.
Shares of UDMY opened at $13.45 on Thursday. The company has a 50-day simple moving average of $12.27 and a 200-day simple moving average of $15.50. Udemy has a 52 week low of $9.66 and a 52 week high of $32.62.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. bought a new position in Udemy in the fourth quarter valued at $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Udemy during the 4th quarter worth about $26,000. FNY Investment Advisers LLC bought a new stake in shares of Udemy during the 1st quarter worth about $37,000. Lazard Asset Management LLC bought a new stake in shares of Udemy during the 1st quarter worth about $46,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Udemy during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 66.69% of the company’s stock.
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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