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Udemy, Inc. (NASDAQ:UDMY) Given Average Recommendation of “Buy” by Analysts

Shares of Udemy, Inc. (NASDAQ:UDMYGet Rating) have been given a consensus rating of “Buy” by the thirteen brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.50.

Several research firms have weighed in on UDMY. KeyCorp cut their price objective on Udemy from $20.00 to $15.00 in a research report on Thursday, May 5th. Jefferies Financial Group lifted their price objective on Udemy from $11.00 to $15.00 in a research report on Tuesday, May 31st. Robert W. Baird cut their price objective on Udemy from $25.00 to $18.00 in a research report on Thursday, May 5th. Berenberg Bank began coverage on Udemy in a research report on Thursday, March 17th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Cantor Fitzgerald began coverage on Udemy in a research report on Tuesday, March 29th. They set an “overweight” rating and a $22.00 price objective on the stock.

Shares of NASDAQ:UDMY opened at $12.59 on Friday. Udemy has a 1 year low of $9.66 and a 1 year high of $32.62. The stock’s 50-day moving average is $12.34 and its 200 day moving average is $14.70.

Udemy (NASDAQ:UDMYGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.06. The business had revenue of $152.20 million for the quarter, compared to analysts’ expectations of $146.63 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts expect that Udemy will post -0.93 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd lifted its position in Udemy by 38.2% in the 1st quarter. Caledonia Private Investments Pty Ltd now owns 3,810,596 shares of the company’s stock valued at $47,480,000 after acquiring an additional 1,053,021 shares in the last quarter. State Street Corp lifted its position in Udemy by 49.0% in the 1st quarter. State Street Corp now owns 251,661 shares of the company’s stock valued at $3,136,000 after acquiring an additional 82,779 shares in the last quarter. Renaissance Technologies LLC lifted its position in Udemy by 107.3% in the 1st quarter. Renaissance Technologies LLC now owns 39,600 shares of the company’s stock valued at $493,000 after acquiring an additional 20,500 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Udemy by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 106,912 shares of the company’s stock valued at $1,333,000 after acquiring an additional 3,455 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Udemy in the 1st quarter valued at approximately $46,000. 66.69% of the stock is currently owned by institutional investors and hedge funds.

Udemy Company Profile (Get Rating)

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