Posted by admin on Apr 20th, 2022 
Udemy’s (NASDAQ:UDMY – Get Rating) lock-up period will expire on Wednesday, April 27th. Udemy had issued 14,500,000 shares in its initial public offering on October 29th. The total size of the offering was $420,500,000 based on an initial share price of $29.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Several analysts have issued reports on UDMY shares. Cantor Fitzgerald started coverage on Udemy in a research note on Tuesday, March 29th. They set an “overweight” rating and a $22.00 price objective on the stock. Needham & Company LLC cut their price objective on Udemy from $37.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, February 10th. Robert W. Baird cut their price objective on Udemy from $42.00 to $25.00 in a research note on Monday, March 7th. Zacks Investment Research upgraded Udemy from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Wednesday, April 13th. Finally, Piper Sandler dropped their price target on Udemy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, February 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Udemy presently has an average rating of “Buy” and an average target price of $28.77.
Shares of UDMY stock opened at $11.96 on Wednesday. Udemy has a 12-month low of $10.01 and a 12-month high of $32.62. The business has a 50 day simple moving average of $12.54.
Udemy (NASDAQ:UDMY – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The company reported ($0.35) earnings per share (EPS) 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. On average, analysts anticipate that Udemy will post -0.92 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Udemy during the 4th quarter valued at $28,793,000. BlackRock Inc. bought a new position in Udemy during the 4th quarter valued at $34,673,000. Wells Fargo & Company MN bought a new position in Udemy during the 4th quarter valued at $154,000. Deutsche Bank AG bought a new position in Udemy during the 4th quarter valued at $165,000. Finally, California State Teachers Retirement System bought a new position in Udemy during the 4th quarter valued at $148,000. 0.45% of the stock is 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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