Udemy (NASDAQ:UDMY) Announces Earnings Results, Misses Expectations By $0.10 EPS

Udemy (NASDAQ:UDMY) issued its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10), Zacks reports. Udemy had a negative return on equity of 29.36% and a negative net margin of 12.33%. Udemy updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Udemy Stock Performance

Udemy stock traded up $0.10 during midday trading on Thursday, hitting $7.82. 1,056,982 shares of the company’s stock were exchanged, compared to its average volume of 718,614. Udemy has a 52-week low of $6.67 and a 52-week high of $14.24. The stock has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $7.99. The company has a market cap of $1.14 billion, a P/E ratio of -12.41 and a beta of 1.85.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Cantor Fitzgerald lowered their target price on Udemy from $18.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Udemy in a research note on Friday, January 17th. Finally, Scotiabank assumed coverage on Udemy in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Udemy currently has an average rating of “Moderate Buy” and a consensus price target of $10.92.

Insider Buying and Selling

In other news, major shareholder Ltd Naspers sold 3,200,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $7.84, for a total value of $25,088,000.00. Following the completion of the transaction, the insider now directly owns 13,920,840 shares in the company, valued at approximately $109,139,385.60. This represents a 18.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Scott Brown sold 10,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $8.71, for a total value of $87,100.00. Following the completion of the transaction, the chief executive officer now owns 1,183,086 shares of the company’s stock, valued at $10,304,679.06. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

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.