Brokerages Set Udemy, Inc. (NASDAQ:UDMY) Target Price at $13.90

Shares of Udemy, Inc. (NASDAQ:UDMYGet Free Report) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $13.90.

Several brokerages have recently commented on UDMY. Robert W. Baird decreased their price objective on shares of Udemy from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Truist Financial raised their price target on Udemy from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Udemy in a research report on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on shares of Udemy from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, KeyCorp decreased their price target on shares of Udemy from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd.

Check Out Our Latest Stock Analysis on UDMY

Udemy Price Performance

Shares of UDMY opened at $9.94 on Friday. Udemy has a 12 month low of $8.60 and a 12 month high of $16.01. The stock’s 50 day moving average is $10.43 and its two-hundred day moving average is $12.35.

Udemy (NASDAQ:UDMYGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The firm had revenue of $189.55 million during the quarter, compared to the consensus estimate of $185.71 million. Udemy had a negative return on equity of 23.10% and a negative net margin of 10.82%. On average, analysts forecast that Udemy will post -0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Venu Venugopal sold 7,086 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $9.89, for a total value of $70,080.54. Following the completion of the transaction, the chief technology officer now directly owns 429,927 shares of the company’s stock, valued at approximately $4,251,978.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Venu Venugopal sold 7,086 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $9.89, for a total transaction of $70,080.54. Following the completion of the transaction, the chief technology officer now owns 429,927 shares of the company’s stock, valued at approximately $4,251,978.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Scott Brown sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $11.04, for a total value of $110,400.00. Following the sale, the chief executive officer now owns 1,163,328 shares of the company’s stock, valued at $12,843,141.12. The disclosure for this sale can be found here. Insiders have sold a total of 54,067 shares of company stock valued at $584,965 over the last quarter. 3.20% of the stock is currently owned by insiders.

Institutional Trading of Udemy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sea Cliff Partners Management LP purchased a new position in shares of Udemy in the 4th quarter valued at $25,661,000. Inflection Point Investments LLP purchased a new position in Udemy in the fourth quarter valued at about $21,390,000. Vanguard Group Inc. lifted its stake in shares of Udemy by 19.3% during the third quarter. Vanguard Group Inc. now owns 8,860,490 shares of the company’s stock worth $84,175,000 after purchasing an additional 1,433,980 shares in the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of Udemy in the first quarter worth about $8,109,000. Finally, Invenomic Capital Management LP grew its stake in shares of Udemy by 22.9% in the first quarter. Invenomic Capital Management LP now owns 2,747,453 shares of the company’s stock valued at $30,167,000 after buying an additional 512,618 shares in the last quarter. Institutional investors and hedge funds own 79.48% of the company’s stock.

Udemy Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Udemy (NASDAQ:UDMY)

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