Udemy, Inc. (NASDAQ:UDMY) Given Consensus Rating of “Moderate Buy” by Brokerages

Udemy, Inc. (NASDAQ:UDMY) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.00.

A number of research analysts have commented on UDMY shares. TheStreet cut Udemy from a “c-” rating to a “d+” rating in a research note on Wednesday, March 6th. KeyCorp boosted their price objective on Udemy from $13.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Truist Financial boosted their price objective on Udemy from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Piper Sandler restated a “neutral” rating and set a $13.00 price objective on shares of Udemy in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Udemy from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th.

Udemy Trading Down 1.2 %

Shares of Udemy stock opened at $9.89 on Tuesday. Udemy has a twelve month low of $8.17 and a twelve month high of $16.01. The stock has a market capitalization of $1.52 billion, a P/E ratio of -13.74 and a beta of 2.14. The business’s fifty day moving average price is $11.32 and its 200 day moving average price is $12.29.

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

Insider Transactions at Udemy

In related news, CTO Venu Venugopal sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $13.79, for a total value of $55,160.00. Following the completion of the sale, the chief technology officer now directly owns 352,013 shares of the company’s stock, valued at $4,854,259.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CTO Venu Venugopal sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $13.79, for a total value of $55,160.00. Following the completion of the sale, the chief technology officer now directly owns 352,013 shares of the company’s stock, valued at $4,854,259.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory Scott Brown sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.04, for a total value of $110,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,163,328 shares of the company’s stock, valued at $12,843,141.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,981 shares of company stock valued at $570,044. 6.20% of the stock is currently owned by insiders.

Institutional Trading of Udemy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new position in shares of Udemy during the third quarter valued at approximately $29,000. Lazard Asset Management LLC bought a new position in shares of Udemy during the first quarter valued at approximately $46,000. Tower Research Capital LLC TRC grew its holdings in shares of Udemy by 58.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,545 shares of the company’s stock valued at $49,000 after purchasing an additional 1,683 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Udemy during the second quarter valued at approximately $58,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Udemy by 261.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock valued at $70,000 after purchasing an additional 3,420 shares during the last quarter. 79.48% of the stock is owned by institutional investors.

About Udemy

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.