Udemy (NASDAQ:UDMY) Upgraded at Zacks Research

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

A number of other research analysts have also weighed in on the company. Wall Street Zen upgraded Udemy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Udemy in a research report on Thursday. Canaccord Genuity Group restated a “buy” rating and set a $12.00 price objective on shares of Udemy in a research report on Thursday. KeyCorp cut their price objective on Udemy from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Udemy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.

Udemy Stock Performance

Shares of UDMY stock opened at $5.70 on Thursday. Udemy has a 52-week low of $5.59 and a 52-week high of $10.61. The firm has a market capitalization of $856.94 million, a PE ratio of -189.94 and a beta of 1.76. The stock has a fifty day simple moving average of $6.83 and a two-hundred day simple moving average of $6.92.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $195.68 million during the quarter, compared to analyst estimates of $193.09 million. Udemy had a positive return on equity of 2.13% and a negative net margin of 0.47%.Udemy’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. Udemy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Udemy will post -0.09 EPS for the current fiscal year.

Udemy declared that its board has approved a stock buyback program on Wednesday, September 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Sarah Blanchard sold 25,000 shares of Udemy stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $7.08, for a total value of $177,000.00. Following the completion of the transaction, the chief financial officer owned 1,287,953 shares in the company, valued at approximately $9,118,707.24. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new position in Udemy in the second quarter worth about $340,000. Teacher Retirement System of Texas purchased a new position in Udemy in the first quarter worth about $97,000. Nuveen LLC purchased a new position in Udemy in the first quarter worth about $1,718,000. Vanguard Group Inc. grew its position in Udemy by 12.2% in the first quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company’s stock worth $82,747,000 after acquiring an additional 1,156,006 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in Udemy in the second quarter worth about $406,000. Hedge funds and other institutional investors own 79.48% of the company’s stock.

Udemy Company Profile

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.