Posted by admin on Apr 27th, 2022 
Udemy (NASDAQ:UDMY – Get Rating) is scheduled to announce its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Udemy has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.
Udemy (NASDAQ:UDMY – Get Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.07). The firm had revenue of $137.95 million for the quarter, compared to analysts’ expectations of $132.34 million. On average, analysts expect Udemy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
NASDAQ UDMY opened at $10.26 on Wednesday. Udemy has a 52 week low of $10.01 and a 52 week high of $32.62. The company’s 50-day simple moving average is $12.25.
Several equities research analysts have recently commented on UDMY shares. Berenberg Bank began coverage on shares of Udemy in a research report on Thursday, March 17th. They set a “buy” rating and a $30.00 price target for the company. Robert W. Baird reduced their target price on shares of Udemy from $42.00 to $25.00 in a report on Monday, March 7th. KeyCorp reduced their target price on shares of Udemy from $37.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, February 3rd. Cantor Fitzgerald began coverage on shares of Udemy in a report on Tuesday, March 29th. They issued an “overweight” rating and a $22.00 target price for the company. Finally, Zacks Investment Research raised shares of Udemy from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Wednesday, April 13th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.77.
A number of institutional investors and hedge funds have recently made changes to their positions in UDMY. Insight Holdings Group LLC purchased a new stake in Udemy during the 4th quarter valued at approximately $819,390,000. BlackRock Inc. bought a new position in shares of Udemy during the 4th quarter valued at approximately $34,673,000. Citadel Advisors LLC bought a new position in shares of Udemy during the 4th quarter valued at approximately $12,111,000. Geode Capital Management LLC bought a new position in shares of Udemy during the 4th quarter valued at approximately $6,621,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Udemy during the 4th quarter valued at approximately $4,105,000. 0.45% of the stock is owned by institutional investors and hedge funds.
Udemy Company Profile (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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