Udemy, Inc. (NASDAQ:UDMY) Receives Consensus Recommendation of “Hold” from Analysts

Udemy, Inc. (NASDAQ:UDMY) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $9.00.

UDMY has been the topic of a number of recent research reports. Wall Street Zen raised Udemy from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 7th. Canaccord Genuity Group lowered Udemy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $12.00 to $7.00 in a research report on Wednesday, December 17th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Udemy in a research note on Thursday, October 30th. KeyCorp cut shares of Udemy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, January 13th. Finally, Zacks Research lowered shares of Udemy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th.

Insider Transactions at Udemy

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Udemy in the 3rd quarter valued at $56,000. Osaic Holdings Inc. bought a new position in Udemy during the second quarter worth $56,000. New York State Teachers Retirement System acquired a new position in shares of Udemy in the second quarter valued at $58,000. CIBC Bancorp USA Inc. bought a new position in shares of Udemy in the third quarter valued at about $73,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of Udemy during the 3rd quarter worth about $79,000. 79.48% of the stock is currently owned by institutional investors.

Udemy Stock Performance

Shares of Udemy stock opened at $5.10 on Monday. The firm has a market cap of $746.54 million, a PE ratio of -169.94 and a beta of 1.73. The business’s 50 day simple moving average is $5.40 and its 200 day simple moving average is $6.26. Udemy has a 52-week low of $4.86 and a 52-week high of $10.61.

Udemy (NASDAQ:UDMY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $195.68 million for the quarter, compared to the consensus estimate of $193.09 million. Udemy had a negative net margin of 0.47% and a positive return on equity of 2.11%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. As a group, equities research analysts predict that Udemy will post -0.09 EPS for the current year.

About Udemy

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.