Udemy, Inc. (NASDAQ:UDMY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Udemy, Inc. (NASDAQ:UDMY) have received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.00.

UDMY has been the topic of several recent research reports. Truist Financial upped their price objective on Udemy from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Robert W. Baird upped their target price on Udemy from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. upped their target price on Udemy from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 target price on shares of Udemy in a research note on Thursday, February 15th. Finally, KeyCorp upped their target price on Udemy from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th.

Udemy Stock Down 0.9 %

Shares of NASDAQ UDMY opened at $10.98 on Friday. The business’s 50 day moving average price is $12.16 and its 200 day moving average price is $12.17. The firm has a market cap of $1.74 billion, a P/E ratio of -15.25 and a beta of 2.16. Udemy has a 52 week low of $8.17 and a 52 week high of $16.01.

Udemy (NASDAQ:UDMY) last issued its earnings results on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $189.55 million for the quarter, compared to analyst estimates of $185.71 million. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. As a group, research analysts expect that Udemy will post -0.47 earnings per share for the current year.

Insider Activity at Udemy

In other Udemy news, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $14.11, for a total value of $211,650.00. Following the completion of the sale, the director now directly owns 1,691,050 shares of the company’s stock, valued at approximately $23,860,715.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Venu Venugopal sold 6,981 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $10.82, for a total transaction of $75,534.42. Following the completion of the transaction, the chief technology officer now directly owns 334,319 shares in the company, valued at approximately $3,617,331.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eren Bali sold 15,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $14.11, for a total value of $211,650.00. Following the transaction, the director now owns 1,691,050 shares of the company’s stock, valued at $23,860,715.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,981 shares of company stock valued at $673,734. 6.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Udemy

A number of hedge funds have recently modified their holdings of UDMY. Bank of New York Mellon Corp boosted its holdings in Udemy by 46.3% during the 1st quarter. Bank of New York Mellon Corp now owns 74,335 shares of the company’s stock valued at $926,000 after acquiring an additional 23,527 shares during the period. Group One Trading L.P. purchased a new position in Udemy during the 1st quarter valued at about $100,000. Rhumbline Advisers boosted its holdings in Udemy by 36.8% during the 1st quarter. Rhumbline Advisers now owns 15,856 shares of the company’s stock valued at $198,000 after acquiring an additional 4,262 shares during the period. Vanguard Group Inc. boosted its holdings in Udemy by 1.2% during the 1st 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 during the period. Finally, Ergoteles LLC purchased a new position in Udemy during the 1st quarter valued at about $417,000. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Udemy Company Profile

Udemy, Inc, a learning company, that operates a marketplace platform for learning skills in the United States and internationally. The company offers skill acquisition, development, and validation courses for organizations and individuals, through direct-to-consumer or Udemy Business offerings in various languages.