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Shares of Udemy, Inc. (NASDAQ:UDMY – Get Rating) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.17.
A number of research firms have weighed in on UDMY. Piper Sandler lifted their price objective on shares of Udemy from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. KeyCorp lifted their price objective on shares of Udemy from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Finally, Morgan Stanley cut their price objective on shares of Udemy from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th.
Udemy Price Performance
Shares of Udemy stock opened at $13.48 on Friday. The firm has a fifty day moving average price of $14.20 and a 200 day moving average price of $12.77. Udemy has a 1 year low of $9.47 and a 1 year high of $32.62. The stock has a market cap of $1.88 billion and a PE ratio of -13.48.
Udemy (NASDAQ:UDMY – Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.05. Udemy had a negative net margin of 18.01% and a negative return on equity of 45.33%. The firm had revenue of $153.11 million during the quarter, compared to analysts’ expectations of $149.54 million. As a group, equities analysts expect that Udemy will post -0.98 EPS for the current year.
Insider Transactions at Udemy
In other news, CTO Venu Venugopal sold 2,376 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $14.81, for a total transaction of $35,188.56. Following the completion of the sale, the chief technology officer now owns 277,298 shares of the company’s stock, valued at $4,106,783.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Venu Venugopal sold 2,376 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $14.81, for a total transaction of $35,188.56. Following the transaction, the chief technology officer now directly owns 277,298 shares in the company, valued at $4,106,783.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Blanchard sold 3,355 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $14.81, for a total transaction of $49,687.55. Following the transaction, the chief financial officer now owns 1,294,819 shares in the company, valued at $19,176,269.39. The disclosure for this sale can be found here. Insiders sold 11,387 shares of company stock valued at $168,641 over the last 90 days. Corporate insiders own 39.20% of the company’s stock.
Hedge Funds Weigh In On Udemy
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc boosted its position in Udemy by 575.5% during the second quarter. Legal & General Group Plc now owns 7,815 shares of the company’s stock worth $80,000 after acquiring an additional 6,658 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Udemy by 958.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 586,304 shares of the company’s stock valued at $5,986,000 after purchasing an additional 530,893 shares during the last quarter. Jane Street Group LLC acquired a new position in Udemy in the 2nd quarter valued at about $239,000. Price T Rowe Associates Inc. MD acquired a new position in Udemy in the 2nd quarter valued at about $637,000. Finally, Parkwood LLC acquired a new position in Udemy in the 2nd quarter valued at about $524,000. 73.46% 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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