Udemy, Inc. (NASDAQ:UDMY – Get Rating) has been given an average rating of "Moderate Buy" by the nine ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $18.17.
Several research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Udemy from $16.00 to $19.00 and gave the stock an "overweight" rating in a report on Friday, November 18th. Piper Sandler raised their target price on shares of Udemy from $13.00 to $14.50 and gave the stock a "neutral" rating in a report on Friday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of Udemy from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, November 3rd. Finally, Robert W. Baird dropped their price target on shares of Udemy from $20.00 to $16.00 in a research report on Monday, December 12th.
Get Udemy alerts:Insider Activity
In other news, CFO Sarah Blanchard sold 203,110 shares of Udemy stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $12.13, for a total value of $2,463,724.30. Following the sale, the chief financial officer now owns 1,091,709 shares in the company, valued at $13,242,430.17. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Sarah Blanchard sold 203,110 shares of Udemy stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $12.13, for a total value of $2,463,724.30. Following the sale, the chief financial officer now owns 1,091,709 shares in the company, valued at $13,242,430.17. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregg Coccari sold 8,299 shares of Udemy stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $10.67, for a total transaction of $88,550.33. Following the completion of the sale, the chief executive officer now owns 257,891 shares in the company, valued at approximately $2,751,696.97. The disclosure for this sale can be found here. Insiders have sold a total of 637,279 shares of company stock worth $7,232,557 over the last 90 days. 39.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Udemy
Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc acquired a new position in Udemy during the third quarter worth about $32,000. Daiwa Securities Group Inc. boosted its position in Udemy by 70.6% during the third quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the company's stock worth $35,000 after acquiring an additional 1,200 shares during the last quarter. Point72 Hong Kong Ltd boosted its position in Udemy by 141.9% during the third quarter. Point72 Hong Kong Ltd now owns 3,184 shares of the company's stock worth $38,000 after acquiring an additional 1,868 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Udemy during the first quarter worth about $46,000. Finally, Quantbot Technologies LP purchased a new position in Udemy during the second quarter worth about $58,000. 73.26% of the stock is currently owned by institutional investors and hedge funds.Udemy Trading Up 0.3 %
NASDAQ UDMY opened at $10.68 on Friday. The company has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $13.21. The stock has a market cap of $1.51 billion, a P/E ratio of -9.89 and a beta of 1.61. Udemy has a 12-month low of $9.47 and a 12-month high of $17.26.
Udemy (NASDAQ:UDMY – Get Rating) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.07). Udemy had a negative return on equity of 36.30% and a negative net margin of 23.37%. The business had revenue of $158.43 million for the quarter, compared to analysts' expectations of $155.18 million. As a group, sell-side analysts forecast that Udemy will post -1.02 earnings per share for the current year.
About Udemy
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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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