Posted by admin on Apr 13th, 2022 
Udemy (NASDAQ:UDMY – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Zacks.com reports. The brokerage presently has a $14.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.58% from the stock’s previous close.
According to Zacks, “Udemy Inc. develops educational software solutions. The Company offers an online course in various subjects including technology, Internet, business, creative and performing arts, health and fitness, language and music. Udemy Inc. is based in San Francisco, United States. “
Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald began coverage on shares of Udemy in a research report on Tuesday, March 29th. They set an “overweight” rating and a $22.00 price target on the stock. Robert W. Baird dropped their price objective on shares of Udemy from $42.00 to $25.00 in a research report on Monday, March 7th. KeyCorp reduced their price objective on Udemy from $37.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, February 3rd. Berenberg Bank assumed 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. Finally, Needham & Company LLC decreased their price target on Udemy from $37.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Udemy currently has a consensus rating of “Buy” and an average price target of $28.77.
Shares of UDMY traded up $0.46 during trading hours on Wednesday, hitting $12.66. The stock had a trading volume of 1,598 shares, compared to its average volume of 365,985. The company’s fifty day moving average price is $12.85. Udemy has a 52 week low of $10.01 and a 52 week high of $32.62.
Udemy (NASDAQ:UDMY – Get Rating) last posted its earnings results 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 firm had revenue of $137.95 million for the quarter, compared to the consensus estimate of $132.34 million. As a group, sell-side analysts predict that Udemy will post -0.92 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Udemy in the fourth quarter valued at about $28,793,000. BlackRock Inc. bought a new position in shares of Udemy during the 4th quarter worth approximately $34,673,000. Wells Fargo & Company MN acquired a new stake in shares of Udemy in the fourth quarter valued at approximately $154,000. Deutsche Bank AG bought a new stake in shares of Udemy in the fourth quarter worth $165,000. Finally, California State Teachers Retirement System bought a new stake in shares of Udemy in the fourth quarter worth $148,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.
About Udemy (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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