Analysts Set Udemy, Inc. (NASDAQ:UDMY) PT at $12.38

Shares of Udemy, Inc. (NASDAQ:UDMY) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.38.

UDMY has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of Udemy in a report on Thursday, August 1st. Canaccord Genuity Group initiated coverage on Udemy in a research note on Thursday, August 8th. They set a “buy” rating and a $12.00 price target for the company. KeyCorp cut their price objective on Udemy from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Robert W. Baird decreased their target price on Udemy from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Finally, Truist Financial dropped their price target on shares of Udemy from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd.

Insider Activity

In related news, CFO Sarah Blanchard sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.05, for a total transaction of $362,250.00. Following the completion of the transaction, the chief financial officer now owns 1,001,761 shares in the company, valued at approximately $8,064,176.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Udemy news, CEO Gregory Scott Brown sold 10,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $8.50, for a total transaction of $85,000.00. Following the sale, the chief executive officer now directly owns 1,273,406 shares of the company’s stock, valued at $10,823,951. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah Blanchard sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.05, for a total transaction of $362,250.00. Following the sale, the chief financial officer now directly owns 1,001,761 shares of the company’s stock, valued at approximately $8,064,176.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,400 shares of company stock worth $611,340. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Udemy

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Udemy by 1.2% in the first quarter. Vanguard Group Inc. now owns 9,472,216 shares of the company’s stock worth $104,005,000 after purchasing an additional 116,346 shares in the last quarter. Pathway Capital Management LP bought a new stake in Udemy during the 4th quarter worth about $3,983,000. Partners Group Holding AG bought a new stake in Udemy during the 4th quarter worth about $1,928,000. Invenomic Capital Management LP increased its position in Udemy by 5.5% in the 4th quarter. Invenomic Capital Management LP now owns 2,234,835 shares of the company’s stock valued at $32,919,000 after acquiring an additional 116,432 shares in the last quarter. Finally, Greenvale Capital LLP raised its stake in shares of Udemy by 2.3% in the fourth quarter. Greenvale Capital LLP now owns 6,600,000 shares of the company’s stock worth $97,218,000 after acquiring an additional 150,000 shares during the last quarter. 79.48% of the stock is currently owned by institutional investors.

Udemy Stock Performance

Shares of NASDAQ UDMY opened at $8.14 on Monday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -15.36 and a beta of 2.01. The business has a 50 day simple moving average of $8.13 and a 200 day simple moving average of $9.60. Udemy has a 52 week low of $6.67 and a 52 week high of $16.01.

Udemy (NASDAQ:UDMY) last posted its earnings results on Wednesday, July 31st. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). The business had revenue of $194.36 million during the quarter, compared to analyst estimates of $194.17 million. Udemy had a negative net margin of 11.39% and a negative return on equity of 26.62%. On average, analysts predict that Udemy will post -0.52 EPS for the current year.

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.