Posted by admin on May 27th, 2022 
Wall Street brokerages expect Udemy, Inc. (NASDAQ:UDMY – Get Rating) to post earnings of ($0.17) per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Udemy’s earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at ($0.15). The firm is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Udemy will report full year earnings of ($0.62) per share for the current year, with EPS estimates ranging from ($0.64) to ($0.57). For the next financial year, analysts anticipate that the business will report earnings of ($0.51) per share, with EPS estimates ranging from ($0.59) to ($0.40). Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Udemy.
Udemy (NASDAQ:UDMY – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.06. The business had revenue of $152.20 million for the quarter, compared to the consensus estimate of $146.63 million. During the same quarter in the prior year, the business posted ($0.21) earnings per share. Udemy’s revenue for the quarter was up 22.2% on a year-over-year basis.
UDMY has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Udemy from $25.00 to $18.00 in a research report on Thursday, May 5th. Needham & Company LLC decreased their target price on shares of Udemy from $25.00 to $17.00 in a research report on Thursday, May 5th. Berenberg Bank initiated coverage on shares of Udemy in a research report on Thursday, March 17th. They set a “buy” rating and a $30.00 target price for the company. Piper Sandler decreased their target price on shares of Udemy from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, February 10th. Finally, Cantor Fitzgerald initiated coverage on shares of Udemy in a research report on Tuesday, March 29th. They set an “overweight” rating and a $22.00 target price for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Udemy presently has an average rating of “Buy” and a consensus price target of $26.85.
Shares of NASDAQ UDMY traded up $1.52 during midday trading on Thursday, reaching $15.44. 1,298,918 shares of the company’s stock traded hands, compared to its average volume of 452,884. The stock’s 50 day simple moving average is $12.08 and its 200-day simple moving average is $15.83. Udemy has a one year low of $9.66 and a one year high of $32.62.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Emerald Advisers LLC acquired a new stake in shares of Udemy in the fourth quarter worth $4,355,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Udemy in the fourth quarter worth $2,937,000. New York State Common Retirement Fund acquired a new stake in shares of Udemy in the fourth quarter worth $49,000. Daiwa Securities Group Inc. acquired a new stake in shares of Udemy in the fourth quarter worth $25,000. Finally, Northern Trust Corp acquired a new stake in shares of Udemy in the fourth quarter worth $2,414,000. 66.69% of the stock is owned by institutional investors and hedge funds.
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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