Udemy, Inc. (NASDAQ:UDMY) Receives $15.00 Average PT from Analysts

Udemy, Inc. (NASDAQ:UDMY) has earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.00.

Several equities research analysts have weighed in on UDMY shares. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price target on shares of Udemy in a report on Thursday, February 15th. TheStreet downgraded shares of Udemy from a “c-” rating to a “d+” rating in a research note on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Udemy in a research report on Thursday, April 4th. KeyCorp boosted their target price on shares of Udemy from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Finally, Piper Sandler reissued a “neutral” rating and issued a $13.00 target price on shares of Udemy in a report on Thursday, February 15th.

Insider Transactions at Udemy

In other news, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $10.96, for a total transaction of $164,400.00. Following the completion of the transaction, the director now directly owns 1,661,050 shares of the company’s stock, valued at approximately $18,205,108. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Eren Bali sold 15,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $10.96, for a total value of $164,400.00. Following the completion of the transaction, the director now owns 1,661,050 shares of the company’s stock, valued at approximately $18,205,108. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Scott Brown sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the transaction, the chief executive officer now owns 1,163,328 shares in the company, valued at $12,843,141.12. The disclosure for this sale can be found here. Insiders sold 50,981 shares of company stock valued at $570,044 in the last 90 days. 6.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Udemy

Several large investors have recently added to or reduced their stakes in UDMY. Venturi Wealth Management LLC acquired a new stake in shares of Udemy during the 3rd quarter worth $29,000. Lazard Asset Management LLC acquired a new stake in Udemy during the first quarter worth about $46,000. Tower Research Capital LLC TRC increased its stake in Udemy by 58.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,545 shares of the company’s stock worth $49,000 after acquiring an additional 1,683 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Udemy by 261.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock worth $70,000 after purchasing an additional 3,420 shares during the period. Finally, RIA Advisory Group LLC acquired a new position in shares of Udemy in the 4th quarter valued at about $76,000. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Udemy Price Performance

Shares of UDMY stock opened at $10.01 on Tuesday. The company has a market capitalization of $1.53 billion, a PE ratio of -13.90 and a beta of 2.14. The firm’s 50-day moving average is $11.16 and its two-hundred day moving average is $12.28. Udemy has a 12 month low of $8.17 and a 12 month high of $16.01.

Udemy (NASDAQ:UDMY) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $189.55 million during the quarter, compared to analysts’ expectations of $185.71 million. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. Sell-side analysts forecast that Udemy will post -0.47 EPS for the current year.

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.