Truist Financial analyst Terry Tillman maintained a Buy rating on Udemy Inc (UDMY – Research Report) on November 3 and set a price target of $13.00. The company’s shares closed yesterday at $12.03.
According to TipRanks, Tillman is a 5-star analyst with an average return of 15.9% and a 57.54% success rate. Tillman covers the Technology sector, focusing on stocks such as Salesforce, Smartsheet, and SolarWinds.
In addition to Truist Financial, Udemy Inc also received a Buy from Cantor Fitzgerald’s Brett Knoblauch in a report issued on November 3. However, on the same day, Morgan Stanley maintained a Hold rating on Udemy Inc (NASDAQ: UDMY).
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Based on Udemy Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $178.24 million and a GAAP net loss of $25.74 million. In comparison, last year the company earned a revenue of $153.11 million and had a GAAP net loss of $29.38 million
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UDMY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Udemy Inc (UDMY) Company Description:
Udemy Inc operates a marketplace platform at the center of a vibrant knowledge network. The platform provides over 44 million learners with access to over 183,000 courses in 75 languages and over 180 countries.
Read More on UDMY:
- Udemy price target raised to $14 from $13 at BofA
- Udemy reports Q3 EPS 5c, consensus (2c)
- Udemy Reports Third Quarter 2023 Results and Raises Full-Year Outlook
- Udemy Report Reveals Trends Around the Future of Work, Generative AI and the Shift Toward a Skills-Based Economy
- Udemy Celebrates Global Reach and Impact of Instructors with Documentary-Style Video
