Udemy (NASDAQ:UDMY) Rating Reiterated by Cantor Fitzgerald

Udemy (NASDAQ:UDMY - Get Free Report)'s stock had its "overweight" rating restated by research analysts at Cantor Fitzgerald in a report released on Friday, Benzinga reports. They presently have a $20.00 price objective on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 97.43% from the company's current price.

A number of other brokerages also recently issued reports on UDMY. Robert W. Baird reduced their target price on shares of Udemy from $15.00 to $13.00 and set an "outperform" rating for the company in a report on Friday. Jefferies Financial Group decreased their price objective on shares of Udemy from $14.00 to $11.00 and set a "hold" rating on the stock in a research report on Monday. Truist Financial upped their target price on shares of Udemy from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. JPMorgan Chase & Co. raised their price target on Udemy from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Finally, Piper Sandler restated a "neutral" rating and issued a $13.00 price objective on shares of Udemy in a research report on Thursday, February 15th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $13.90.

Udemy Stock Up 2.4 %

UDMY traded up $0.24 during trading on Friday, hitting $10.13. The company's stock had a trading volume of 3,322,212 shares, compared to its average volume of 927,866. The business's 50 day simple moving average is $10.65 and its 200-day simple moving average is $12.30. The firm has a market cap of $1.55 billion, a PE ratio of -14.07 and a beta of 2.12. Udemy has a one year low of $8.17 and a one year high of $16.01.

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

Insider Buying and Selling at Udemy

In other news, Director Eren Bali sold 15,000 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $10.96, for a total transaction of $164,400.00. Following the sale, the director now directly owns 1,661,050 shares of the company's stock, valued at approximately $18,205,108. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,163,328 shares in the company, valued at $12,843,141.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eren Bali sold 15,000 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $10.96, for a total value of $164,400.00. Following the completion of the transaction, the director now owns 1,661,050 shares of the company's stock, valued at approximately $18,205,108. The disclosure for this sale can be found here. Insiders sold 46,981 shares of company stock worth $514,884 in the last quarter. 3.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Udemy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Udemy by 5.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,903 shares of the company's stock worth $205,000 after purchasing an additional 732 shares during the period. Principal Financial Group Inc. increased its holdings in Udemy by 18.8% in the first quarter. Principal Financial Group Inc. now owns 12,053 shares of the company's stock valued at $132,000 after buying an additional 1,904 shares in the last quarter. Swiss National Bank raised its position in shares of Udemy by 2.0% in the third quarter. Swiss National Bank now owns 145,200 shares of the company's stock worth $1,379,000 after acquiring an additional 2,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Udemy by 28.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,171 shares of the company's stock worth $125,000 after acquiring an additional 2,880 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Udemy in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds 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.