Udemy (NASDAQ:UDMY) Price Target Lowered to $11.00 at Jefferies Financial Group

Udemy (NASDAQ:UDMY - Free Report) had its target price reduced by Jefferies Financial Group from $14.00 to $11.00 in a report released on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

UDMY has been the subject of several other research reports. Piper Sandler reaffirmed a neutral rating and set a $13.00 price objective on shares of Udemy in a research note on Thursday, February 15th. Morgan Stanley lowered their price objective on shares of Udemy from $15.00 to $13.00 and set an equal weight rating on the stock in a research note on Friday, April 19th. Needham & Company LLC reissued a buy rating and issued a $15.00 target price on shares of Udemy in a report on Thursday, April 4th. Cantor Fitzgerald restated an overweight rating and set a $20.00 price target on shares of Udemy in a research note on Thursday, February 15th. Finally, Robert W. Baird lifted their target price on Udemy from $15.00 to $17.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Udemy currently has a consensus rating of Moderate Buy and a consensus target price of $14.40.

Udemy Stock Performance

NASDAQ:UDMY traded up $0.12 on Monday, reaching $10.30. The company's stock had a trading volume of 732,865 shares, compared to its average volume of 892,208. The firm has a market cap of $1.58 billion, a PE ratio of -14.28 and a beta of 2.14. The business's 50-day moving average price is $10.71 and its two-hundred day moving average price is $12.32. Udemy has a 1-year low of $8.17 and a 1-year high of $16.01.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $189.55 million for the quarter, compared to the consensus estimate of $185.71 million. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. As a group, sell-side analysts expect that Udemy will post -0.47 EPS for the current year.

Insider Activity at Udemy

In other news, Director Eren Bali sold 15,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $10.97, for a total value of $164,550.00. Following the sale, the director now directly owns 1,676,050 shares of the company's stock, valued at approximately $18,386,268.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Udemy news, CEO Gregory Scott Brown sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.04, for a total value of $110,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,163,328 shares of the company's stock, valued at approximately $12,843,141.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eren Bali sold 15,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $10.97, for a total transaction of $164,550.00. Following the transaction, the director now directly owns 1,676,050 shares of the company's stock, valued at $18,386,268.50. The disclosure for this sale can be found here. Insiders sold a total of 50,981 shares of company stock worth $570,044 in the last quarter. Corporate insiders own 3.20% of the company's stock.

Institutional Trading of Udemy

Institutional investors and hedge funds have recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in shares of Udemy during the 3rd quarter valued at about $29,000. Daiwa Securities Group Inc. boosted its position in shares of Udemy by 261.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company's stock worth $70,000 after purchasing an additional 3,420 shares during the period. RIA Advisory Group LLC purchased a new position in shares of Udemy in the fourth quarter worth $76,000. SG Americas Securities LLC purchased a new position in shares of Udemy in the third quarter worth $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Udemy by 28.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,171 shares of the company's stock valued at $125,000 after purchasing an additional 2,880 shares in the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

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.