Udemy (NASDAQ:UDMY) Price Target Cut to $18.00

Udemy (NASDAQ:UDMYGet Rating) had its price target reduced by stock analysts at Robert W. Baird from $25.00 to $18.00 in a research note issued to investors on Thursday, The Fly reports. Robert W. Baird’s price target suggests a potential upside of 43.54% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Needham & Company LLC cut their price target on shares of Udemy from $25.00 to $17.00 in a report on Thursday. Piper Sandler cut their price target on shares of Udemy from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, February 10th. Berenberg Bank assumed coverage on shares of Udemy in a report on Thursday, March 17th. They set a “buy” rating and a $30.00 price target on the stock. Zacks Investment Research upgraded shares of Udemy from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, April 13th. Finally, Cantor Fitzgerald assumed coverage on shares of Udemy in a report on Tuesday, March 29th. They set an “overweight” rating and a $22.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $26.85.

Shares of NASDAQ UDMY opened at $12.54 on Thursday. The firm’s 50-day simple moving average is $11.87. Udemy has a 1 year low of $9.66 and a 1 year high of $32.62.

Udemy (NASDAQ:UDMYGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $152.20 million for the quarter, compared to analyst estimates of $146.63 million. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) earnings per share. Sell-side analysts anticipate that Udemy will post -0.92 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in UDMY. Emerald Advisers LLC bought a new stake in shares of Udemy in the fourth quarter valued at approximately $4,355,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Udemy in the fourth quarter valued at approximately $2,937,000. New York State Common Retirement Fund bought a new stake in shares of Udemy in the fourth quarter valued at approximately $49,000. Daiwa Securities Group Inc. bought a new stake in shares of Udemy in the fourth quarter valued at approximately $25,000. Finally, Northern Trust Corp bought a new stake in shares of Udemy in the fourth quarter valued at approximately $2,414,000. 66.69% of the stock is currently owned by institutional investors and hedge funds.

Udemy Company Profile (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.

Featured Stories

The Fly logo

Analyst Recommendations for Udemy (NASDAQ:UDMY)

Receive News & Ratings for Udemy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Udemy and related companies with MarketBeat.com's FREE daily email newsletter.