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Udemy, Inc. (NASDAQ:UDMY – Get Rating) shares traded up 6.2% during trading on Friday after KeyCorp raised their price target on the stock from $16.00 to $19.00. KeyCorp currently has an overweight rating on the stock. Udemy traded as high as $15.45 and last traded at $15.25. 2,258 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 469,095 shares. The stock had previously closed at $14.36.
Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on Udemy from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 3rd. Piper Sandler lifted their target price on Udemy from $13.00 to $14.50 and gave the company a “neutral” rating in a research report on Friday, November 4th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.38.
Hedge Funds Weigh In On Udemy
Large investors have recently made changes to their positions in the business. IFP Advisors Inc bought a new stake in shares of Udemy in the third quarter worth about $32,000. Daiwa Securities Group Inc. increased its stake in Udemy by 70.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the last quarter. Point72 Hong Kong Ltd increased its stake in Udemy by 141.9% during the third quarter. Point72 Hong Kong Ltd now owns 3,184 shares of the company’s stock worth $38,000 after acquiring an additional 1,868 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Udemy during the first quarter worth approximately $46,000. Finally, Quantbot Technologies LP bought a new stake in Udemy during the second quarter worth approximately $58,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
Udemy Stock Up 5.3 %
The company has a 50 day simple moving average of $14.02 and a two-hundred day simple moving average of $13.23. The company has a market capitalization of $2.14 billion and a P/E ratio of -14.12.
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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