Posted by admin on Jun 14th, 2022 
Udemy, Inc. (NASDAQ:UDMY – Get Rating) was down 4.7% during trading on Tuesday . The company traded as low as $11.26 and last traded at $11.26. Approximately 802 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 854,033 shares. The stock had previously closed at $11.81.
A number of research analysts recently commented on UDMY shares. KeyCorp cut their target price on Udemy from $20.00 to $15.00 in a research note on Thursday, May 5th. Berenberg Bank started coverage on Udemy in a research note on Thursday, March 17th. They issued a “buy” rating and a $30.00 target price for the company. Needham & Company LLC cut their target price on Udemy from $25.00 to $17.00 in a research note on Thursday, May 5th. Cantor Fitzgerald began coverage on Udemy in a research note on Tuesday, March 29th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on Udemy from $11.00 to $15.00 in a research note on Tuesday, May 31st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $26.50.
The business has a 50-day moving average price of $12.31 and a two-hundred day moving average price of $14.43.
Udemy (NASDAQ:UDMY – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.06. The company had revenue of $152.20 million for the quarter, compared to the consensus estimate of $146.63 million. The business’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) earnings per share. As a group, equities analysts expect that Udemy, Inc. will post -0.93 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Caledonia Private Investments Pty Ltd raised its holdings in shares of Udemy by 38.2% during the 1st quarter. Caledonia Private Investments Pty Ltd now owns 3,810,596 shares of the company’s stock worth $47,480,000 after buying an additional 1,053,021 shares in the last quarter. State Street Corp increased its holdings in Udemy by 49.0% in the 1st quarter. State Street Corp now owns 251,661 shares of the company’s stock worth $3,136,000 after purchasing an additional 82,779 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Udemy by 107.3% in the 1st quarter. Renaissance Technologies LLC now owns 39,600 shares of the company’s stock worth $493,000 after purchasing an additional 20,500 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Udemy by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 106,912 shares of the company’s stock valued at $1,333,000 after buying an additional 3,455 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Udemy in the first quarter valued at about $46,000. 66.69% of the stock is owned by institutional investors.
Udemy Company Profile (NASDAQ:UDMY)
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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