FY2025 EPS Estimates for Udemy Raised by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has increased its FY2025 earnings estimate for Udemy to ($0.01) per share, up from a prior estimate of ($0.09), maintaining an "Overweight" rating with a $10.00 target price.
• Udemy recently reported earnings of $0.16 EPS for the last quarter, surpassing analysts' expectations of $0.12 EPS, with quarterly revenue up 2.8% year-over-year.
• While several firms have adjusted their ratings and target prices, the overall consensus rating for Udemy is a "Moderate Buy" with an average target price of $10.00.

Udemy, Inc. (NASDAQ:UDMY - Free Report) - Equities research analysts at Cantor Fitzgerald increased their FY2025 earnings per share estimates for Udemy in a research note issued to investors on Thursday, July 31st. Cantor Fitzgerald analyst Y. Lee now forecasts that the company will earn ($0.01) per share for the year, up from their prior estimate of ($0.09). Cantor Fitzgerald currently has a "Overweight" rating and a $10.00 target price on the stock. The consensus estimate for Udemy's current full-year earnings is ($0.09) per share. Cantor Fitzgerald also issued estimates for Udemy's FY2026 earnings at $0.06 EPS.

Udemy (NASDAQ:UDMY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The business had revenue of $199.88 million for the quarter, compared to analyst estimates of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%. The company's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share.

UDMY has been the topic of several other reports. Morgan Stanley raised Udemy from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $7.00 to $9.00 in a report on Thursday, June 5th. Truist Financial reissued a "hold" rating and issued a $7.00 price objective (down from $10.00) on shares of Udemy in a report on Monday, April 7th. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Udemy in a report on Thursday, July 31st. JPMorgan Chase & Co. dropped their price objective on Udemy from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird dropped their price objective on Udemy from $13.00 to $11.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Udemy has an average rating of "Moderate Buy" and an average target price of $10.00.

Udemy Trading Down 1.6%

Shares of UDMY stock traded down $0.12 during mid-day trading on Monday, reaching $7.31. The stock had a trading volume of 1,927,786 shares, compared to its average volume of 1,590,298. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -34.81 and a beta of 1.78. Udemy has a 1-year low of $5.68 and a 1-year high of $10.61. The business's fifty day moving average is $7.13 and its 200-day moving average is $7.50.

Insiders Place Their Bets

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $6.99, for a total transaction of $174,750.00. Following the transaction, the chief financial officer owned 1,077,097 shares of the company's stock, valued at approximately $7,528,908.03. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Hugo Sarrazin acquired 22,695 shares of the stock in a transaction on Wednesday, May 21st. The shares were bought at an average cost of $6.91 per share, for a total transaction of $156,822.45. Following the purchase, the chief executive officer directly owned 47,580 shares of the company's stock, valued at $328,777.80. The trade was a 91.20% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 47,580 shares of company stock worth $330,894 in the last three months. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Udemy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Udemy by 12.2% in the 1st quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company's stock valued at $82,747,000 after buying an additional 1,156,006 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Udemy by 1,814.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,678,641 shares of the company's stock worth $20,786,000 after acquiring an additional 2,538,728 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Udemy by 0.6% during the 1st quarter. Federated Hermes Inc. now owns 1,380,278 shares of the company's stock worth $10,711,000 after acquiring an additional 7,685 shares in the last quarter. Northern Trust Corp boosted its position in shares of Udemy by 6.1% during the 4th quarter. Northern Trust Corp now owns 836,920 shares of the company's stock worth $6,888,000 after acquiring an additional 48,298 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Udemy by 5.0% during the 1st quarter. Millennium Management LLC now owns 753,782 shares of the company's stock worth $5,849,000 after buying an additional 35,577 shares during the last quarter. Hedge funds and other institutional investors own 79.48% of the company's stock.

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.