Posted by admin on Jun 11th, 2022 
Shares of Udemy, Inc. (NASDAQ:UDMY – Get Rating) have been given a consensus rating of “Buy” by the thirteen brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.50.
Several research firms have weighed in on UDMY. KeyCorp cut their price objective on Udemy from $20.00 to $15.00 in a research report on Thursday, May 5th. Jefferies Financial Group lifted their price objective on Udemy from $11.00 to $15.00 in a research report on Tuesday, May 31st. Robert W. Baird cut their price objective on Udemy from $25.00 to $18.00 in a research report on Thursday, May 5th. Berenberg Bank began coverage on Udemy in a research report on Thursday, March 17th. They set a “buy” rating and a $30.00 price objective 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 price objective on the stock.
Shares of NASDAQ:UDMY opened at $12.59 on Friday. Udemy has a 1 year low of $9.66 and a 1 year high of $32.62. The stock’s 50-day moving average is $12.34 and its 200 day moving average is $14.70.
Udemy (NASDAQ:UDMY – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.06. The business had revenue of $152.20 million for the quarter, compared to analysts’ expectations of $146.63 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts expect that Udemy will post -0.93 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd lifted its position in Udemy by 38.2% in the 1st quarter. Caledonia Private Investments Pty Ltd now owns 3,810,596 shares of the company’s stock valued at $47,480,000 after acquiring an additional 1,053,021 shares in the last quarter. State Street Corp lifted its position in Udemy by 49.0% in the 1st quarter. State Street Corp now owns 251,661 shares of the company’s stock valued at $3,136,000 after acquiring an additional 82,779 shares in the last quarter. Renaissance Technologies LLC lifted its position in Udemy by 107.3% in the 1st quarter. Renaissance Technologies LLC now owns 39,600 shares of the company’s stock valued at $493,000 after acquiring an additional 20,500 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Udemy by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 106,912 shares of the company’s stock valued at $1,333,000 after acquiring an additional 3,455 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Udemy in the 1st quarter valued at approximately $46,000. 66.69% of the stock is currently 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.
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