Jacobs Levy Equity Management Inc. Trims Stock Holdings in Udemy, Inc. $UDMY

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Udemy, Inc. by 12.7%, owning 548,766 shares worth approximately $4.26 million after selling 79,744 shares in the first quarter.
• Other institutional investors, including AQR Capital Management and PDT Partners, significantly increased their positions in Udemy, with AQR's stake growing by 217.6% during the same period.
• Analysts have mixed views on Udemy, with Zacks Research downgrading its rating to "hold," while others like Cantor Fitzgerald and Needham & Company have set higher price targets and maintained a "buy" rating.

Jacobs Levy Equity Management Inc. reduced its holdings in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 12.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 548,766 shares of the company's stock after selling 79,744 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.37% of Udemy worth $4,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in Udemy by 100.8% in the fourth quarter. Deutsche Bank AG now owns 112,775 shares of the company's stock valued at $928,000 after purchasing an additional 56,619 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Udemy in the fourth quarter valued at $716,000. Teacher Retirement System of Texas acquired a new position in Udemy in the first quarter valued at $97,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Udemy by 17.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 181,864 shares of the company's stock valued at $1,497,000 after purchasing an additional 27,673 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Udemy by 558.3% during the first quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock worth $54,000 after acquiring an additional 5,890 shares during the last quarter. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Udemy Stock Down 3.1%

Shares of NASDAQ UDMY traded down $0.23 on Friday, hitting $7.17. The company had a trading volume of 1,462,726 shares, compared to its average volume of 1,640,777. Udemy, Inc. has a 12-month low of $5.68 and a 12-month high of $10.61. The business has a 50 day moving average of $6.98 and a two-hundred day moving average of $7.20. The firm has a market capitalization of $1.08 billion, a P/E ratio of -34.14 and a beta of 1.77.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $196.74 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The company's revenue was up 2.8% compared to the same quarter last year. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current year.

Udemy announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have commented on UDMY. Zacks Research lowered Udemy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Morgan Stanley upgraded Udemy from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $7.00 to $9.00 in a research note on Thursday, June 5th. Needham & Company LLC restated a "buy" rating and set a $11.00 price target on shares of Udemy in a research note on Thursday, July 31st. Wall Street Zen upgraded Udemy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Finally, Cantor Fitzgerald upped their price target on Udemy from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Udemy has an average rating of "Moderate Buy" and an average price target of $9.75.

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.