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Shares of Udemy, Inc. (NASDAQ:UDMY – Get Rating) have been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.73.
A number of brokerages recently weighed in on UDMY. Zacks Investment Research cut shares of Udemy from a “hold” rating to a “sell” rating in a report on Wednesday, February 16th. Needham & Company LLC reduced their price target on shares of Udemy from $37.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, February 10th. JPMorgan Chase & Co. reduced their price target on shares of Udemy from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, December 14th. Citigroup cut their target price on shares of Udemy from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 9th. Finally, Robert W. Baird cut their price target on shares of Udemy from $42.00 to $25.00 in a report on Monday, March 7th.
UDMY opened at $12.20 on Monday. Udemy has a fifty-two week low of $10.01 and a fifty-two week high of $32.62. The stock’s 50-day simple moving average is $13.47.
Udemy (NASDAQ:UDMY – Get Rating) last announced its quarterly earnings results on Wednesday, February 9th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.07). The business had revenue of $137.95 million for the quarter, compared to the consensus estimate of $132.34 million. Analysts expect that Udemy will post -0.92 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Insight Holdings Group LLC bought a new stake in Udemy during the fourth quarter worth $819,390,000. Naspers Ltd. bought a new position in shares of Udemy in the fourth quarter valued at about $334,541,000. Caledonia Private Investments Pty Ltd bought a new position in shares of Udemy in the fourth quarter valued at about $53,883,000. BlackRock Inc. bought a new position in shares of Udemy in the fourth quarter valued at about $34,673,000. Finally, Norges Bank bought a new position in shares of Udemy in the fourth quarter valued at about $28,793,000. 0.45% of the stock is currently owned by hedge funds and other institutional investors.
Udemy Company Profile (Get Rating)
Udemy, Inc operates a 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 allows to access approximately 183,000 courses in 75 languages.
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