Udemy (NASDAQ:UDMY) PT Lowered to $13.00 at Robert W. Baird

Udemy (NASDAQ:UDMY) had its target price cut by Robert W. Baird from $15.00 to $13.00 in a report released on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. KeyCorp upped their target price on shares of Udemy from $13.00 to $15.00 and gave the stock an overweight rating in a research note on Friday, January 12th. Cantor Fitzgerald reissued an overweight rating and issued a $20.00 target price on shares of Udemy in a research report on Thursday, February 15th. Truist Financial raised their price target on shares of Udemy from $13.00 to $15.00 and gave the stock a buy rating in a research note on Monday, January 22nd. Jefferies Financial Group cut their price objective on shares of Udemy from $14.00 to $11.00 and set a hold rating on the stock in a research report on Monday, April 29th. Finally, Morgan Stanley decreased their target price on shares of Udemy from $15.00 to $13.00 and set an equal weight rating for the company in a research report on Friday, April 19th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $13.90.

Udemy Price Performance

Shares of NASDAQ UDMY opened at $10.15 on Friday. Udemy has a twelve month low of $8.46 and a twelve month high of $16.01. The company’s fifty day moving average is $10.65 and its 200-day moving average is $12.33.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. The business had revenue of $189.55 million during the quarter, compared to analyst estimates of $185.71 million. Udemy had a negative return on equity of 22.29% and a negative net margin of 10.82%. Analysts expect that Udemy will post -0.47 EPS for the current year.

Insider Activity

In other Udemy news, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $10.97, for a total transaction of $164,550.00. Following the completion of the sale, the director now owns 1,676,050 shares of the company’s stock, valued at approximately $18,386,268.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Eren Bali sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $10.97, for a total transaction of $164,550.00. Following the completion of the sale, the director now owns 1,676,050 shares in the company, valued at $18,386,268.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Venu Venugopal sold 6,981 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $10.82, for a total value of $75,534.42. Following the completion of the transaction, the chief technology officer now directly owns 334,319 shares in the company, valued at approximately $3,617,331.58. The disclosure for this sale can be found here. Insiders sold a total of 46,981 shares of company stock valued at $514,884 over the last three months. Insiders own 3.20% of the company’s stock.

Institutional Trading of Udemy

A number of institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC bought a new stake in shares of Udemy in the third quarter valued at approximately $29,000. Daiwa Securities Group Inc. lifted its position in shares of Udemy by 261.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock valued at $70,000 after acquiring an additional 3,420 shares during the period. RIA Advisory Group LLC acquired a new stake in shares of Udemy during the 4th quarter worth $76,000. SG Americas Securities LLC acquired a new position in Udemy in the third quarter valued at about $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Udemy by 28.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,171 shares of the company’s stock worth $125,000 after purchasing an additional 2,880 shares during the period. Institutional investors own 79.48% of the company’s stock.

Udemy Company Profile

Udemy, Inc, a learning company, that operates a marketplace platform for learning skills in the United States and internationally. The company offers skill acquisition, development, and validation courses for organizations and individuals, through direct-to-consumer or Udemy Business offerings in various languages.