Voya Investment Management LLC Lowers Stock Holdings in Udemy, Inc. $UDMY

Key Points

• Voya Investment Management LLC has reduced its stake in Udemy, Inc. by 33.4%, now owning 265,068 shares valued at approximately $2.06 million.
• Udemy has reported a net loss for the previous quarter but exceeded revenue expectations with $199.88 million, marking a 2.8% year-over-year increase.
• The company has approved a share buyback program allowing for the repurchase of up to $50 million of its stock, indicating a belief that their shares are undervalued.

Voya Investment Management LLC decreased its position in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 33.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,068 shares of the company's stock after selling 132,738 shares during the quarter. Voya Investment Management LLC owned approximately 0.18% of Udemy worth $2,057,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Focus Partners Wealth lifted its stake in shares of Udemy by 1.9% during the 1st quarter. Focus Partners Wealth now owns 79,437 shares of the company's stock valued at $616,000 after buying an additional 1,468 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Udemy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 132,289 shares of the company's stock valued at $1,027,000 after buying an additional 1,613 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Udemy by 7.8% during the 1st quarter. HighTower Advisors LLC now owns 22,551 shares of the company's stock valued at $175,000 after buying an additional 1,641 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Udemy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company's stock valued at $420,000 after buying an additional 2,399 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Udemy by 18.1% during the 1st quarter. New York State Common Retirement Fund now owns 27,138 shares of the company's stock valued at $211,000 after buying an additional 4,159 shares in the last quarter. Hedge funds and other institutional investors own 79.48% of the company's stock.

Udemy Price Performance

Udemy stock opened at $7.25 on Monday. The firm has a market capitalization of $1.09 billion, a P/E ratio of -34.52 and a beta of 1.77. The company's 50-day moving average is $7.02 and its 200 day moving average is $7.11. Udemy, Inc. has a 1-year low of $5.68 and a 1-year high of $10.61.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The business had revenue of $199.88 million for the quarter, compared to the consensus estimate of $196.74 million. Udemy had a negative net margin of 3.85% and a negative return on equity of 5.19%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $7.08, for a total value of $177,000.00. Following the transaction, the chief financial officer directly owned 1,287,953 shares in the company, valued at $9,118,707.24. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is owned by corporate insiders.

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.

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