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Udemy (NASDAQ:UDMY) Sets New 1-Year Low at $9.47

Shares of Udemy, Inc. (NASDAQ:UDMYGet Rating) reached a new 52-week low during trading on Wednesday . The company traded as low as $9.47 and last traded at $10.31, with a volume of 596482 shares trading hands. The stock had previously closed at $10.13.

UDMY has been the subject of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of Udemy in a report on Tuesday, March 29th. They issued an “overweight” rating and a $22.00 price objective for the company. Jefferies Financial Group increased their price target on shares of Udemy from $11.00 to $15.00 in a research note on Tuesday, May 31st. KeyCorp dropped their price target on shares of Udemy from $20.00 to $15.00 in a research note on Thursday, May 5th. Needham & Company LLC dropped their price target on shares of Udemy from $25.00 to $17.00 in a research note on Thursday, May 5th. Finally, Berenberg Bank assumed coverage on shares of Udemy in a research note on Thursday, March 17th. They issued a “buy” rating and a $30.00 price target for the company. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

The stock’s 50-day moving average is $12.12 and its two-hundred day moving average is $13.33.

Udemy (NASDAQ:UDMYGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) earnings per share 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 business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.21) EPS. As a group, analysts predict that Udemy, Inc. will post -0.93 earnings per share for the current year.
Several large investors have recently bought and sold shares of UDMY. Daiwa Securities Group Inc. purchased a new position in Udemy in the 4th quarter valued at approximately $25,000. Point72 Hong Kong Ltd purchased a new position in Udemy in the 4th quarter valued at approximately $26,000. New York State Common Retirement Fund purchased a new position in Udemy in the 4th quarter valued at approximately $49,000. FNY Investment Advisers LLC purchased a new position in Udemy in the 1st quarter valued at approximately $37,000. Finally, Lazard Asset Management LLC purchased a new position in Udemy in the 1st quarter valued at approximately $46,000. 66.69% of the stock is owned by hedge funds and other institutional investors.

Udemy Company Profile (NASDAQ:UDMY)

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