Panagora Asset Management Inc. Invests $1.35 Million in Udemy, Inc. $UDMY

Key Points

• Panagora Asset Management Inc. purchased 173,728 shares of Udemy, Inc., valued at approximately $1,348,000, increasing its stake to 0.12% at the end of the first quarter.
• Udemy's stock has experienced mixed analyst ratings, with a current average target price of $9.75, according to several research notes, indicating a "Moderate Buy" consensus.
• In its most recent earnings report, Udemy outperformed expectations by reporting earnings of $0.16 per share and a revenue of $199.88 million, marking a year-over-year revenue increase of 2.8%.

Panagora Asset Management Inc. bought a new stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 173,728 shares of the company's stock, valued at approximately $1,348,000. Panagora Asset Management Inc. owned 0.12% of Udemy as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Udemy in the fourth quarter valued at $164,000. Stifel Financial Corp purchased a new position in shares of Udemy in the fourth quarter worth about $294,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Udemy by 14.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,064 shares of the company's stock worth $297,000 after acquiring an additional 4,418 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Udemy by 6.1% in the 4th quarter. Northern Trust Corp now owns 836,920 shares of the company's stock valued at $6,888,000 after buying an additional 48,298 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Udemy in the 4th quarter valued at about $98,000. Institutional investors own 79.48% of the company's stock.

Insider Activity at Udemy

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $6.99, for a total value of $174,750.00. Following the completion of the sale, the chief financial officer owned 1,077,097 shares of the company's stock, valued at $7,528,908.03. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UDMY. Cantor Fitzgerald lifted their target price on Udemy from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price objective on shares of Udemy in a research report on Thursday, July 31st. Wall Street Zen raised shares of Udemy from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Morgan Stanley raised shares of Udemy from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Finally, Zacks Research lowered shares of Udemy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Udemy currently has an average rating of "Moderate Buy" and an average price target of $9.75.

Udemy Stock Performance

Shares of NASDAQ:UDMY traded up $0.10 during midday trading on Monday, reaching $6.78. 709,753 shares of the company's stock traded hands, compared to its average volume of 1,278,187. Udemy, Inc. has a 1 year low of $5.68 and a 1 year high of $10.61. The company has a fifty day simple moving average of $6.99 and a two-hundred day simple moving average of $7.29. The company has a market cap of $1.02 billion, a P/E ratio of -32.36 and a beta of 1.77.

Udemy (NASDAQ:UDMY - Get Free Report) last issued 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. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The company had revenue of $199.88 million during the quarter, compared to analysts' expectations of $196.74 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Udemy 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.