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

Udemy, Inc. (NASDAQ:UDMY) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $8.75.

Several research firms recently issued reports on UDMY. Weiss Ratings reissued a “sell (e+)” rating on shares of Udemy in a research note on Wednesday, January 21st. Zacks Research cut Udemy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Canaccord Genuity Group set a $5.00 price target on Udemy in a research report on Monday, February 9th. Wall Street Zen raised Udemy from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. Finally, KeyCorp cut shares of Udemy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, January 13th.

Udemy Price Performance

NASDAQ UDMY opened at $4.78 on Tuesday. Udemy has a 1 year low of $4.35 and a 1 year high of $8.92. The stock has a market capitalization of $697.02 million, a PE ratio of 239.12 and a beta of 1.70. The company’s 50 day simple moving average is $4.97 and its two-hundred day simple moving average is $5.71.

Udemy (NASDAQ:UDMY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $193.99 million during the quarter, compared to analyst estimates of $193.40 million. Udemy had a net margin of 0.48% and a return on equity of 4.84%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. On average, research analysts anticipate that Udemy will post -0.09 EPS for the current year.

Insider Activity at Udemy

In other news, CFO Sarah Blanchard sold 25,000 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $4.78, for a total value of $119,500.00. Following the transaction, the chief financial officer owned 1,455,763 shares of the company’s stock, valued at $6,958,547.14. This represents a 1.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UDMY. Mak Capital One LLC purchased a new stake in Udemy during the fourth quarter valued at about $22,053,000. J. Goldman & Co LP boosted its holdings in shares of Udemy by 175.3% in the 4th quarter. J. Goldman & Co LP now owns 4,243,340 shares of the company’s stock worth $24,824,000 after purchasing an additional 2,701,889 shares in the last quarter. Westerly Capital Management LLC bought a new position in shares of Udemy during the 3rd quarter valued at about $15,878,000. Assenagon Asset Management S.A. increased its position in shares of Udemy by 70.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,474,417 shares of the company’s stock valued at $31,366,000 after purchasing an additional 1,854,550 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new position in shares of Udemy during the 4th quarter valued at about $6,435,000. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Udemy Company Profile

Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company’s platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.