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Udemy (NASDAQ:UDMY – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, August 3rd. Analysts expect Udemy to post earnings of ($0.18) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Udemy (NASDAQ:UDMY – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.06. The company had revenue of $152.20 million during the quarter, compared to analyst estimates of $146.63 million. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) earnings per share. On average, analysts expect Udemy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Udemy Trading Down 1.2 %
Shares of NASDAQ UDMY opened at $12.03 on Wednesday. Udemy has a 12-month low of $9.47 and a 12-month high of $32.62. The business’s fifty day simple moving average is $12.15 and its 200-day simple moving average is $12.65.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Jefferies Financial Group increased their price objective on Udemy from $11.00 to $15.00 in a research note on Tuesday, May 31st. Morgan Stanley reduced their price objective on Udemy from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 19th. Cantor Fitzgerald initiated coverage on Udemy in a report on Tuesday, March 29th. They issued an “overweight” rating and a $22.00 target price on the stock. Piper Sandler lowered Udemy from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $13.00 to $11.00 in a report on Monday, July 18th. Finally, KeyCorp dropped their target price on Udemy from $20.00 to $15.00 in a report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.92.
Hedge Funds Weigh In On Udemy
Several hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of Udemy in the 1st quarter worth about $46,000. Group One Trading L.P. bought a new stake in shares of Udemy in the 1st quarter worth about $100,000. Rhumbline Advisers increased its position in shares of Udemy by 36.8% in the 1st quarter. Rhumbline Advisers now owns 15,856 shares of the company’s stock worth $198,000 after purchasing an additional 4,262 shares during the last quarter. Ergoteles LLC bought a new stake in shares of Udemy in the 1st quarter worth about $417,000. Finally, Renaissance Technologies LLC increased its position in shares of 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 during the last quarter. 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.
See Also
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