Udemy (NASDAQ:UDMY) Price Target Lowered to $11.00 at Jefferies Financial Group

Udemy (NASDAQ:UDMY) had its price target lowered by Jefferies Financial Group from $14.00 to $11.00 in a research report released on Monday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. Needham & Company LLC reaffirmed a buy rating and set a $15.00 price target on shares of Udemy in a research note on Thursday, April 4th. Cantor Fitzgerald reiterated an overweight rating and set a $20.00 price objective on shares of Udemy in a report on Thursday, February 15th. JPMorgan Chase & Co. raised their price target on Udemy from $11.00 to $12.00 and gave the company a neutral rating in a research report on Thursday, February 15th. Piper Sandler reaffirmed a neutral rating and issued a $13.00 price target on shares of Udemy in a research report on Thursday, February 15th. Finally, TheStreet downgraded Udemy from a c- rating to a d+ rating in a research report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $14.40.

Udemy Price Performance

NASDAQ UDMY opened at $10.06 on Monday. Udemy has a 1-year low of $8.17 and a 1-year high of $16.01. The company has a market capitalization of $1.54 billion, a P/E ratio of -13.97 and a beta of 2.14. The business has a 50 day moving average price of $10.67 and a 200 day moving average price of $12.31.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. The business had revenue of $189.55 million during the quarter, compared to the consensus estimate of $185.71 million. On average, research analysts expect that Udemy will post -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Venu Venugopal sold 6,981 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer now owns 334,319 shares of the company’s stock, valued at $3,617,331.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Udemy news, Director Eren Bali sold 15,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $10.96, for a total transaction of $164,400.00. Following the completion of the sale, the director now owns 1,661,050 shares of the company’s stock, valued at approximately $18,205,108. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the chief technology officer now directly 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. Over the last 90 days, insiders have sold 46,981 shares of company stock valued at $514,884. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Udemy by 5.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,903 shares of the company’s stock worth $205,000 after buying an additional 732 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Udemy by 18.8% in the first quarter. Principal Financial Group Inc. now owns 12,053 shares of the company’s stock worth $132,000 after buying an additional 1,904 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Udemy by 2.0% in the third quarter. Swiss National Bank now owns 145,200 shares of the company’s stock worth $1,379,000 after buying an additional 2,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Udemy by 28.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,171 shares of the company’s stock worth $125,000 after buying an additional 2,880 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Udemy in the third quarter worth $29,000. 79.48% of the stock is owned by hedge funds and other institutional investors.

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.