Posted by admin on Jul 6th, 2022 
Shares of Udemy, Inc. (NASDAQ:UDMY – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.50.
A number of analysts recently commented on UDMY shares. KeyCorp dropped their price objective on Udemy from $20.00 to $15.00 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 for the company. Robert W. Baird decreased their price target on Udemy from $25.00 to $18.00 in a research note on Thursday, May 5th. Cantor Fitzgerald began coverage on Udemy in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Jefferies Financial Group raised their price target on Udemy from $11.00 to $15.00 in a research note on Tuesday, May 31st.
Shares of UDMY stock opened at $10.31 on Wednesday. The business has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $13.33. Udemy has a fifty-two week low of $9.47 and a fifty-two week high of $32.62.
Udemy (NASDAQ:UDMY – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.06. The company had revenue of $152.20 million for the quarter, compared to analysts’ expectations of $146.63 million. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.21) EPS. As a group, sell-side analysts anticipate that Udemy will post -0.93 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UDMY. Daiwa Securities Group Inc. acquired a new position in shares of Udemy in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Udemy in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new position in shares of Udemy in the 1st quarter valued at about $37,000. Lazard Asset Management LLC acquired a new position in shares of Udemy in the 1st quarter valued at about $46,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Udemy in the 4th quarter valued at about $49,000. 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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