Posted by admin on Aug 1st, 2022 
Udemy (NASDAQ:UDMY – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 3rd. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Udemy (NASDAQ:UDMY – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.06. The firm had revenue of $152.20 million during the quarter, compared to analysts’ expectations of $146.63 million. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned ($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.
NASDAQ:UDMY opened at $11.95 on Monday. The firm has a 50-day moving average of $12.15 and a two-hundred day moving average of $12.57. Udemy has a 1-year low of $9.47 and a 1-year high of $32.62.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Udemy by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 106,912 shares of the company’s stock worth $1,333,000 after purchasing an additional 3,455 shares during the last quarter. Lazard Asset Management LLC bought a new position in Udemy in the 1st quarter worth about $46,000. Rhumbline Advisers grew its position in 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. Group One Trading L.P. bought a new position in Udemy in the 1st quarter worth about $100,000. Finally, Vanguard Group Inc. grew its position in Udemy by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,256,002 shares of the company’s stock worth $15,650,000 after purchasing an additional 15,141 shares during the last quarter. Institutional investors own 66.69% of the company’s stock.
A number of equities analysts have weighed in on the stock. Robert W. Baird decreased their price objective on shares of Udemy from $25.00 to $18.00 in a research report on Thursday, May 5th. Needham & Company LLC cut their target price on shares of Udemy from $25.00 to $17.00 in a research note on Thursday, May 5th. Morgan Stanley cut their target price on shares of Udemy from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 19th. KeyCorp cut their target price on shares of Udemy from $20.00 to $15.00 in a research note on Thursday, May 5th. Finally, Jefferies Financial Group upped their target price on shares of Udemy from $11.00 to $15.00 in a research note on Tuesday, May 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.92.
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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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