Jefferies Financial Group Boosts Udemy (NASDAQ:UDMY) Price Target to $15.00

Udemy (NASDAQ:UDMY – Get Rating) had its target price boosted by Jefferies Financial Group from $11.00 to $15.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Jefferies Financial Group’s target price would indicate a potential downside of 7.52% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. KeyCorp lowered their price target on Udemy from $20.00 to $15.00 in a research report on Thursday, May 5th. Robert W. Baird lowered their price target on Udemy from $25.00 to $18.00 in a research report on Thursday, May 5th. Piper Sandler reduced their target price on Udemy from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, February 10th. Cantor Fitzgerald initiated coverage on Udemy in a report on Tuesday, March 29th. They set an “overweight” rating and a $22.00 target price for the company. Finally, Needham & Company LLC reduced their target price on Udemy from $25.00 to $17.00 in a report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $25.54.

Udemy stock opened at $16.22 on Tuesday. The business’s 50-day simple moving average is $12.21 and its two-hundred day simple moving average is $15.52. Udemy has a fifty-two week low of $9.66 and a fifty-two week high of $32.62.

Udemy (NASDAQ:UDMY – Get Rating) last issued its 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 analysts’ expectations of $146.63 million. During the same quarter in the previous year, the company earned ($0.21) EPS. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, research analysts forecast that Udemy will post -0.94 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. purchased a new position in Udemy in the fourth quarter worth approximately $25,000. Point72 Hong Kong Ltd purchased a new position in Udemy in the fourth quarter worth approximately $26,000. FNY Investment Advisers LLC purchased a new position in Udemy in the first quarter worth approximately $37,000. Lazard Asset Management LLC purchased a new position in Udemy in the first quarter worth approximately $46,000. Finally, New York State Common Retirement Fund purchased a new position in Udemy in the fourth quarter worth approximately $49,000. Institutional investors own 66.69% of the company’s stock.

About Udemy (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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