Udemy (NASDAQ:UDMY) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Udemy (NASDAQ:UDMY) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also commented on UDMY. Cantor Fitzgerald lifted their price target on Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Udemy in a research report on Thursday, July 31st. Morgan Stanley upgraded Udemy from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Finally, Wall Street Zen raised shares of Udemy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.75.

Udemy Trading Down 0.1%

UDMY opened at $6.71 on Tuesday. The firm has a market cap of $1.01 billion, a P/E ratio of -31.95 and a beta of 1.77. Udemy has a 12 month low of $5.68 and a 12 month high of $10.61. The stock has a 50-day moving average of $6.99 and a 200 day moving average of $7.35.

Udemy (NASDAQ:UDMY) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $199.88 million during the quarter, compared to analyst estimates of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Udemy will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Udemy

In other news, CFO Sarah Blanchard sold 25,000 shares of Udemy stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $6.99, for a total transaction of $174,750.00. Following the completion of the sale, the chief financial officer owned 1,077,097 shares of the company’s stock, valued at approximately $7,528,908.03. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Udemy

Institutional investors and hedge funds have recently modified their holdings of the stock. Vega Investment Solutions bought a new stake in shares of Udemy during the fourth quarter valued at approximately $46,000. GAMMA Investing LLC raised its stake in shares of Udemy by 558.3% during the first quarter. GAMMA Investing LLC now owns 6,945 shares of the company’s stock valued at $54,000 after acquiring an additional 5,890 shares in the last quarter. State of Wyoming bought a new stake in shares of Udemy during the fourth quarter valued at approximately $59,000. Osaic Holdings Inc. bought a new stake in shares of Udemy during the second quarter valued at approximately $56,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Udemy during the second quarter valued at approximately $58,000. Institutional investors own 79.48% of the company’s stock.

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.