Posted by admin on Apr 22nd, 2022 
Udemy, Inc. (NASDAQ:UDMY – Get Rating) has received an average rating of “Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.77.
A number of equities research analysts recently weighed in on UDMY shares. Piper Sandler lowered their price target on Udemy from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, February 10th. Robert W. Baird lowered their target price on Udemy from $42.00 to $25.00 in a report on Monday, March 7th. Needham & Company LLC lowered their target price on Udemy from $37.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 10th. KeyCorp lowered their target price on Udemy from $37.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, February 3rd. Finally, Zacks Investment Research upgraded Udemy from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, April 13th.
UDMY opened at $10.76 on Friday. The stock has a 50 day moving average price of $12.44. Udemy has a 1-year low of $10.01 and a 1-year high of $32.62.
Udemy (NASDAQ:UDMY – Get Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.07). The company had revenue of $137.95 million during the quarter, compared to analyst estimates of $132.34 million. Analysts expect that Udemy will post -0.92 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Udemy in the 4th quarter worth $2,937,000. Emerald Advisers LLC purchased a new position in shares of Udemy in the 4th quarter worth $4,355,000. Davidson Kempner Capital Management LP purchased a new position in shares of Udemy in the 4th quarter worth $1,481,000. Northern Trust Corp purchased a new position in shares of Udemy in the 4th quarter worth $2,414,000. Finally, Sandia Investment Management LP purchased a new position in shares of Udemy in the 4th quarter worth $293,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.
About Udemy (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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