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Udemy, Inc. (NASDAQ:UDMY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

A number of analysts recently commented on UDMY shares. KeyCorp dropped their price objective on Udemy from $20.00 to $15.00 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 for the company. Robert W. Baird decreased their price target on Udemy from $25.00 to $18.00 in a research note on Thursday, May 5th. Cantor Fitzgerald began coverage on Udemy in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Jefferies Financial Group raised their price target on Udemy from $11.00 to $15.00 in a research note on Tuesday, May 31st.

Shares of UDMY stock opened at $10.31 on Wednesday. The business has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $13.33. Udemy has a fifty-two week low of $9.47 and a fifty-two week high of $32.62.

Udemy (NASDAQ:UDMYGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.06. The company had revenue of $152.20 million for the quarter, compared to analysts’ expectations of $146.63 million. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.21) EPS. As a group, sell-side analysts anticipate that Udemy will post -0.93 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UDMY. Daiwa Securities Group Inc. acquired a new position in shares of Udemy in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Udemy in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new position in shares of Udemy in the 1st quarter valued at about $37,000. Lazard Asset Management LLC acquired a new position in shares of Udemy in the 1st quarter valued at about $46,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Udemy in the 4th quarter valued at about $49,000. 66.69% of the stock is currently owned by institutional investors and hedge funds.

Udemy Company Profile (Get Rating)

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