Udemy, Inc. (NASDAQ:UDMY) Receives $8.75 Consensus PT from Analysts

Udemy, Inc. (NASDAQ:UDMY) has earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.75.

UDMY has been the subject of several research analyst reports. Canaccord Genuity Group set a $5.00 target price on shares of Udemy in a report on Monday, February 9th. KeyCorp cut shares of Udemy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded shares of Udemy from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Udemy in a report on Wednesday, January 21st. Finally, Zacks Research downgraded Udemy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th.

Insider Transactions at Udemy

In related news, CFO Sarah Blanchard sold 25,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $4.78, for a total value of $119,500.00. Following the completion of the sale, the chief financial officer directly owned 1,455,763 shares in the company, valued at $6,958,547.14. The trade was a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Udemy

A number of institutional investors have recently modified their holdings of UDMY. Hsbc Holdings PLC acquired a new position in shares of Udemy in the fourth quarter valued at about $292,000. PEAK6 LLC boosted its holdings in Udemy by 191.6% in the 4th quarter. PEAK6 LLC now owns 26,440 shares of the company’s stock valued at $155,000 after purchasing an additional 17,373 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Udemy by 76,393.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 12,239 shares of the company’s stock worth $72,000 after purchasing an additional 12,223 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Udemy during the 4th quarter worth approximately $2,683,000. Finally, Invesco Ltd. increased its holdings in shares of Udemy by 28.2% during the fourth quarter. Invesco Ltd. now owns 208,851 shares of the company’s stock worth $1,222,000 after purchasing an additional 45,976 shares during the period. Institutional investors own 79.48% of the company’s stock.

Udemy Trading Up 2.2%

UDMY opened at $4.75 on Tuesday. The stock’s fifty day simple moving average is $4.86 and its 200 day simple moving average is $5.64. Udemy has a 1-year low of $4.35 and a 1-year high of $8.92. The stock has a market cap of $692.65 million, a PE ratio of 237.62 and a beta of 1.70.

Udemy (NASDAQ:UDMY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $193.99 million during the quarter, compared to analysts’ expectations of $193.40 million. Udemy had a net margin of 0.48% and a return on equity of 4.84%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. Equities analysts forecast that Udemy will post -0.09 earnings per share for the current year.

Udemy Company Profile

Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company’s platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.