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

Shares of Udemy, Inc. (NASDAQ:UDMY) have been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.75.

UDMY has been the topic of several recent research reports. Zacks Research downgraded Udemy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Canaccord Genuity Group set a $5.00 target price on Udemy in a research report on Monday, February 9th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Udemy in a research note on Thursday, October 30th. KeyCorp downgraded shares of Udemy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen raised shares of Udemy from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th.

Udemy Price Performance

UDMY opened at $4.78 on Friday. The stock has a market capitalization of $695.11 million, a PE ratio of 239.12 and a beta of 1.72. The firm’s fifty day moving average price is $5.26 and its 200 day moving average price is $5.93. Udemy has a 12-month low of $4.35 and a 12-month high of $10.26.

Udemy (NASDAQ:UDMY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $193.40 million. During the same period in the prior year, the company posted $0.10 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Udemy will post -0.09 earnings per share for the current fiscal year.

Insider Activity at Udemy

In other news, CFO Sarah Blanchard sold 25,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $5.25, for a total transaction of $131,250.00. Following the transaction, the chief financial officer directly owned 1,208,046 shares of the company’s stock, valued at approximately $6,342,241.50. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Udemy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Focus Partners Wealth boosted its position in shares of Udemy by 1.9% in the 1st quarter. Focus Partners Wealth now owns 79,437 shares of the company’s stock valued at $616,000 after purchasing an additional 1,468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Udemy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company’s stock worth $420,000 after acquiring an additional 2,399 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Udemy by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,299 shares of the company’s stock worth $354,000 after acquiring an additional 2,597 shares in the last quarter. Stoneridge Investment Partners LLC boosted its holdings in shares of Udemy by 8.6% during the third quarter. Stoneridge Investment Partners LLC now owns 44,447 shares of the company’s stock worth $312,000 after purchasing an additional 3,535 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Udemy by 15.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,016 shares of the company’s stock worth $158,000 after purchasing an additional 3,573 shares during the period. 79.48% of the stock is owned by institutional investors and hedge funds.

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.