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Udemy (NASDAQ:UDMY – Get Rating) will release its earnings data after the market closes on Wednesday, November 2nd. Analysts expect Udemy to post earnings of ($0.18) per share for the quarter. Udemy has set its FY 2022 guidance at EPS and its Q3 2022 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Udemy (NASDAQ:UDMY – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.05. The business had revenue of $153.11 million for the quarter, compared to analysts’ expectations 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 Udemy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Udemy Price Performance
UDMY opened at $14.33 on Wednesday. The stock’s 50 day simple moving average is $14.07 and its 200 day simple moving average is $12.86. The stock has a market cap of $2.00 billion and a P/E ratio of -14.33. Udemy has a 1-year low of $9.47 and a 1-year high of $32.62.
Insider Buying and Selling
In related news, 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 value of $25,132.57. Following the transaction, the senior vice president now directly owns 278,561 shares of the company’s stock, valued at approximately $4,125,488.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CTO Venu Venugopal sold 2,376 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 value of $35,188.56. Following the completion of the sale, the chief technology officer now directly owns 277,298 shares in the company, valued at approximately $4,106,783.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $25,132.57. Following the completion of the sale, the senior vice president now owns 278,561 shares of the company’s stock, valued at $4,125,488.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,387 shares of company stock valued at $168,641. 39.20% of the stock is currently owned by company insiders.
Institutional Trading of Udemy
Several large investors have recently added to or reduced their stakes in UDMY. Bank of New York Mellon Corp increased its holdings in Udemy by 46.3% in the 1st quarter. Bank of New York Mellon Corp now owns 74,335 shares of the company’s stock valued at $926,000 after purchasing an additional 23,527 shares in the last quarter. Group One Trading L.P. acquired a new stake in Udemy in the 1st quarter valued at $100,000. Rhumbline Advisers increased its holdings in Udemy by 36.8% in the 1st quarter. Rhumbline Advisers now owns 15,856 shares of the company’s stock valued at $198,000 after purchasing an additional 4,262 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Udemy by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,256,002 shares of the company’s stock valued at $15,650,000 after acquiring an additional 15,141 shares in the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of Udemy during the first quarter worth about $417,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. 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 lowered their target price on Udemy from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 19th. Finally, Piper Sandler increased their target price on Udemy from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.17.
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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