Brokerages Set Udemy, Inc. (NASDAQ:UDMY) PT at $8.75

Udemy, Inc. (NASDAQ:UDMY) has been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $8.75.

UDMY has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Udemy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. Wall Street Zen upgraded shares of Udemy from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Udemy in a research note on Wednesday, January 21st. KeyCorp cut shares of Udemy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, January 13th. Finally, Canaccord Genuity Group set a $5.00 price target on shares of Udemy in a report on Monday, February 9th.

Udemy Stock Performance

Shares of UDMY stock opened at $4.75 on Tuesday. Udemy has a fifty-two week low of $4.35 and a fifty-two week high of $8.92. The stock’s fifty day moving average price is $4.91 and its two-hundred day moving average price is $5.68. The company has a market cap of $692.65 million, a PE ratio of 237.62 and a beta of 1.70.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Udemy had a return on equity of 4.84% and a net margin of 0.48%.The business had revenue of $193.99 million during the quarter, compared to the consensus estimate of $193.40 million. During the same period in the prior year, the company earned $0.10 EPS. Udemy’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts predict that Udemy will post -0.09 EPS for the current fiscal year.

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 stock was sold at an average price of $4.78, for a total value of $119,500.00. Following the completion of the transaction, the chief financial officer owned 1,455,763 shares of the company’s stock, valued at $6,958,547.14. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Udemy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Udemy by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,895,585 shares of the company’s stock valued at $83,388,000 after buying an additional 436,984 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Udemy by 70.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,474,417 shares of the company’s stock worth $31,366,000 after buying an additional 1,854,550 shares during the period. J. Goldman & Co LP grew its holdings in Udemy by 175.3% during the 4th quarter. J. Goldman & Co LP now owns 4,243,340 shares of the company’s stock worth $24,824,000 after acquiring an additional 2,701,889 shares during the last quarter. Westerly Capital Management LLC increased its position in Udemy by 76.6% in the 4th quarter. Westerly Capital Management LLC now owns 4,000,000 shares of the company’s stock valued at $23,400,000 after acquiring an additional 1,735,000 shares during the period. Finally, Mak Capital One LLC acquired a new position in Udemy in the 4th quarter valued at approximately $22,053,000. 79.48% of the stock is currently owned by institutional investors.

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.