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Udemy (NASDAQ:UDMY – Get Rating) had its target price increased by KeyCorp from $15.00 to $16.00 in a report released on Thursday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 29.55% from the stock’s previous close.
A number of other analysts have also recently weighed in on the company. Piper Sandler raised their price objective on Udemy from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley lowered their price target on Udemy from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Robert W. Baird decreased their price objective on Udemy from $25.00 to $18.00 in a report on Thursday, May 5th. Needham & Company LLC decreased their price objective on Udemy from $25.00 to $17.00 in a report on Thursday, May 5th. Finally, Jefferies Financial Group boosted their price objective on Udemy from $11.00 to $15.00 in a research note on Tuesday, May 31st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Udemy presently has an average rating of “Moderate Buy” and an average target price of $24.17.
Udemy Price Performance
Udemy stock opened at $12.35 on Thursday. Udemy has a 1-year low of $9.47 and a 1-year high of $32.62. The business has a fifty day moving average price of $12.08 and a 200-day moving average price of $12.54.
Udemy (NASDAQ:UDMY – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.06. The business had revenue of $152.20 million during the quarter, compared to analyst estimates of $146.63 million. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) EPS. Research analysts anticipate that Udemy will post -0.93 EPS for the current fiscal year.
Institutional Trading of Udemy
A number of large investors have recently modified their holdings of UDMY. Emerald Advisers LLC purchased a new stake in shares of Udemy during the fourth quarter worth $4,355,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Udemy during the fourth quarter worth about $2,937,000. New York State Common Retirement Fund acquired a new stake in shares of Udemy during the fourth quarter worth about $49,000. Daiwa Securities Group Inc. acquired a new stake in shares of Udemy during the fourth quarter worth about $25,000. Finally, Northern Trust Corp acquired a new stake in shares of Udemy during the fourth quarter worth about $2,414,000. Hedge funds and other institutional investors own 66.69% of the company’s stock.
About Udemy
(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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