Udemy, Inc. (NASDAQ:UDMY) Receives Average Recommendation of “Hold” from Analysts

Udemy, Inc. (NASDAQ:UDMY) has received a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $8.80.

A number of equities research analysts have issued reports on the stock. KeyCorp cut shares of Udemy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, January 13th. Canaccord Genuity Group set a $5.00 price target on shares of Udemy in a report on Monday, February 9th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Udemy in a report on Wednesday, January 21st.

Insider Transactions at Udemy

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $4.78, for a total transaction of $119,500.00. Following the completion of the sale, the chief financial officer directly owned 1,455,763 shares in the company, valued at $6,958,547.14. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Udemy

Several hedge funds have recently made changes to their positions in UDMY. State of Alaska Department of Revenue bought a new stake in shares of Udemy in the third quarter valued at about $56,000. Osaic Holdings Inc. bought a new stake in shares of Udemy in the second quarter valued at about $56,000. WINTON GROUP Ltd bought a new stake in shares of Udemy in the fourth quarter valued at about $69,000. Royce & Associates LP bought a new stake in shares of Udemy in the fourth quarter valued at about $70,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Udemy by 76,393.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,239 shares of the company’s stock valued at $72,000 after buying an additional 12,223 shares during the period. Institutional investors own 79.48% of the company’s stock.

Udemy Trading Up 1.5%

Shares of NASDAQ:UDMY opened at $4.74 on Wednesday. The stock has a market capitalization of $691.76 million, a PE ratio of 237.12 and a beta of 1.59. Udemy has a 1 year low of $4.02 and a 1 year high of $8.09. The firm has a fifty day moving average price of $4.78 and a 200 day moving average price of $5.19.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $193.99 million during the quarter, compared to analysts’ expectations of $193.40 million. Udemy had a net margin of 0.48% and a return on equity of 4.84%. Udemy’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. On average, sell-side analysts forecast that Udemy will post -0.01 earnings per share for the current fiscal year.

Udemy Company Profile

Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company’s platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.