Brokerages Set Udemy, Inc. (NASDAQ:UDMY) PT at $15.00

Udemy, Inc. (NASDAQ:UDMY) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.00.

UDMY has been the subject of several recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Udemy in a research note on Thursday, February 15th. Robert W. Baird lifted their target price on Udemy from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their target price on Udemy from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Udemy in a research report on Thursday, April 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 price objective on shares of Udemy in a research report on Thursday, February 15th.

Udemy Stock Up 0.5 %

UDMY stock opened at $10.01 on Tuesday. Udemy has a twelve month low of $8.17 and a twelve month high of $16.01. The business’s fifty day moving average is $11.16 and its 200-day moving average is $12.28. The company has a market cap of $1.53 billion, a P/E ratio of -13.90 and a beta of 2.14.

Udemy (NASDAQ:UDMY) last released its earnings results on Wednesday, February 14th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.04. The firm had revenue of $189.55 million for the quarter, compared to analyst estimates of $185.71 million. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. Research analysts anticipate that Udemy will post -0.47 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Eren Bali sold 15,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $10.97, for a total transaction of $164,550.00. Following the sale, the director now owns 1,676,050 shares in the company, valued at $18,386,268.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Udemy news, Director Eren Bali sold 15,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $10.97, for a total transaction of $164,550.00. Following the sale, the director now directly owns 1,676,050 shares of the company’s stock, valued at $18,386,268.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Venu Venugopal sold 6,981 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $10.82, for a total transaction of $75,534.42. Following the completion of the sale, the chief technology officer now owns 334,319 shares of the company’s stock, valued at approximately $3,617,331.58. The disclosure for this sale can be found here. Insiders have sold 50,981 shares of company stock worth $570,044 over the last ninety days. Insiders own 6.20% of the company’s stock.

Institutional Trading of Udemy

Institutional investors and hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC acquired a new stake in shares of Udemy during the 3rd quarter worth about $29,000. Lazard Asset Management LLC acquired a new stake in Udemy during the first quarter worth approximately $46,000. Tower Research Capital LLC TRC lifted its position in Udemy by 58.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,545 shares of the company’s stock worth $49,000 after acquiring an additional 1,683 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Udemy during the second quarter worth approximately $58,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Udemy by 261.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock valued at $70,000 after purchasing an additional 3,420 shares during the last quarter. Institutional investors own 79.48% of the company’s stock.

About Udemy

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.