Udemy, Inc. (NASDAQ:UDMY – Get Rating) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $26.50.
Several analysts have recently issued reports on UDMY shares. Robert W. Baird reduced their price objective on Udemy from $25.00 to $18.00 in a research note on Thursday, May 5th. Jefferies Financial Group increased their price objective on Udemy from $11.00 to $15.00 in a research note on Tuesday, May 31st. KeyCorp reduced their price objective on Udemy from $20.00 to $15.00 in a research note on Thursday, May 5th. Needham & Company LLC cut their price target on Udemy from $25.00 to $17.00 in a research note on Thursday, May 5th. Finally, Berenberg Bank began coverage on Udemy in a research note on Thursday, March 17th. They issued a “buy” rating and a $30.00 price target on the stock.
Several institutional investors and hedge funds have recently bought and sold shares of UDMY. Daiwa Securities Group Inc. acquired a new stake in shares of Udemy during the fourth quarter worth about $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Udemy during the fourth quarter worth about $26,000. FNY Investment Advisers LLC acquired a new stake in shares of Udemy during the first quarter worth about $37,000. Lazard Asset Management LLC purchased a new position in shares of Udemy during the first quarter worth about $46,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Udemy during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 66.69% of the company’s stock.
UDMY opened at $10.31 on Wednesday. Udemy has a 52 week low of $9.47 and a 52 week high of $32.62. The business has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $13.33.
Udemy (NASDAQ:UDMY – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.06. The company had revenue of $152.20 million during the quarter, compared to analyst estimates of $146.63 million. The firm’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Equities research analysts predict that Udemy will post -0.93 earnings per share for the current fiscal year.
Udemy Company Profile (Get Rating)
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.