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

Shares of Udemy, Inc. (NASDAQ:UDMYGet Rating) have received a consensus recommendation of “Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $27.92.

A number of equities research analysts recently commented on UDMY shares. Piper Sandler lowered 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. Cantor Fitzgerald started coverage on shares of Udemy in a report on Tuesday, March 29th. They issued an “overweight” rating and a $22.00 price target on the stock. KeyCorp lowered their price target on shares of Udemy from $20.00 to $15.00 in a report on Thursday, May 5th. Zacks Investment Research cut shares of Udemy from a “buy” rating to a “hold” rating in a report on Friday. Finally, Needham & Company LLC lowered their target price on shares of Udemy from $25.00 to $17.00 in a report on Thursday, May 5th.

NASDAQ:UDMY opened at $11.64 on Tuesday. The business has a 50 day moving average of $11.86. Udemy has a 12 month low of $9.66 and a 12 month high of $32.62.

Udemy (NASDAQ:UDMYGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.06. The company had revenue of $152.20 million during the quarter, compared to the consensus estimate of $146.63 million. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) EPS. On average, analysts expect that Udemy will post -0.94 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new position in shares of Udemy during the 4th quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new position in shares of Udemy during the 4th quarter valued at $26,000. New York State Common Retirement Fund purchased a new position in shares of Udemy during the 4th quarter valued at $49,000. FNY Investment Advisers LLC purchased a new position in shares of Udemy during the 1st quarter valued at $37,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Udemy by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 106,912 shares of the company’s stock valued at $1,333,000 after purchasing an additional 3,455 shares in the last quarter. Hedge funds and other institutional investors own 66.69% of the company’s stock.

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.

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Analyst Recommendations for Udemy (NASDAQ:UDMY)

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