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Udemy (NASDAQ:UDMY – Get Rating) had its price target lifted by equities researchers at Piper Sandler from $13.00 to $14.50 in a note issued to investors on Friday, MarketBeat reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target points to a potential upside of 2.04% from the stock’s previous close.
A number of other research firms have also issued reports on UDMY. KeyCorp increased their target price on Udemy from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Morgan Stanley reduced their target price on Udemy from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Udemy from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.13.
Udemy Stock Up 0.2 %
UDMY opened at $14.21 on Friday. The stock has a fifty day moving average of $14.01 and a 200-day moving average of $12.95. The firm has a market capitalization of $1.98 billion and a P/E ratio of -13.16. Udemy has a 12-month low of $9.47 and a 12-month high of $32.62.
Udemy (NASDAQ:UDMY – Get Rating) last released its earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.05. The company had revenue of $153.11 million during the quarter, compared to analyst estimates of $149.54 million. Udemy had a negative return on equity of 45.33% and a negative net margin of 18.01%. On average, analysts expect that Udemy will post -0.98 earnings per share for the current fiscal year.
Insider Transactions at Udemy
In other Udemy news, SVP Prasad Gune sold 1,697 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.81, for a total transaction of $25,132.57. Following the transaction, the senior vice president now directly owns 278,561 shares of the company’s stock, valued at $4,125,488.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Udemy news, insider Gregory Scott Brown sold 3,959 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.81, for a total transaction of $58,632.79. Following the transaction, the insider now directly owns 1,219,334 shares of the company’s stock, valued at $18,058,336.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Prasad Gune sold 1,697 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $14.81, for a total transaction of $25,132.57. Following the transaction, the senior vice president now directly owns 278,561 shares in the company, valued at $4,125,488.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,387 shares of company stock valued at $168,641. 39.20% of the stock is owned by insiders.
Hedge Funds Weigh In On Udemy
Several hedge funds have recently bought and sold shares of UDMY. Daiwa Securities Group Inc. boosted its holdings in Udemy by 70.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the company’s stock valued at $35,000 after acquiring an additional 1,200 shares during the period. FNY Investment Advisers LLC bought a new stake in Udemy during the first quarter valued at about $37,000. Lazard Asset Management LLC bought a new stake in Udemy during the first quarter valued at about $46,000. Quantbot Technologies LP bought a new stake in Udemy during the second quarter valued at about $58,000. Finally, Gladius Capital Management LP bought a new stake in Udemy during the first quarter valued at about $75,000. 73.46% of the stock is 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.
Further Reading
- Get a free copy of the StockNews.com research report on Udemy (UDMY)
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