Udemy, Inc. (NASDAQ:UDMY) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts rate Udemy as "Hold" on average (1 sell, 5 hold, 3 buy) with a one‑year consensus price target of $9.00.
• Mixed earnings signal: Udemy beat quarterly EPS ($0.12 vs. $0.10) but revenue was down 3% year‑over‑year, and analysts expect a -$0.09 EPS for the current fiscal year.
• CFO sold 25,000 shares at $4.78 (a 1.69% reduction in her stake) while institutional investors hold roughly 79.5% of the stock and several large funds (AQR, Goldman, Jane Street) recently increased positions.

Shares of Udemy, Inc. (NASDAQ:UDMY - Get Free Report) have received an average rating of "Hold" from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.00.

Several equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Udemy in a research note on Wednesday, January 21st. Canaccord Genuity Group set a $5.00 price objective on Udemy in a research report on Monday, February 9th. Finally, KeyCorp cut shares of Udemy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, January 13th.

Insider Transactions at Udemy

In related news, CFO Sarah Blanchard sold 25,000 shares of the business's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $4.78, for a total transaction of $119,500.00. Following the sale, the chief financial officer owned 1,455,763 shares of the company's stock, valued at $6,958,547.14. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Udemy

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of Udemy by 217.6% in the 1st quarter. AQR Capital Management LLC now owns 205,212 shares of the company's stock worth $1,592,000 after purchasing an additional 140,597 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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. Millennium Management LLC raised its stake in Udemy by 5.0% during the first quarter. Millennium Management LLC now owns 753,782 shares of the company's stock valued at $5,849,000 after buying an additional 35,577 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Udemy by 45.2% during the first quarter. Goldman Sachs Group Inc. now owns 658,603 shares of the company's stock valued at $5,111,000 after buying an additional 205,104 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Udemy by 116.6% in the first quarter. Jane Street Group LLC now owns 143,497 shares of the company's stock worth $1,114,000 after acquiring an additional 77,260 shares in the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Udemy Price Performance

Shares of UDMY opened at $4.29 on Friday. The company has a 50-day simple moving average of $4.75 and a two-hundred day simple moving average of $5.41. The firm has a market capitalization of $625.57 million, a PE ratio of 214.61 and a beta of 1.68. Udemy has a one year low of $4.18 and a one year high of $8.09.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $193.99 million for the quarter, compared to the consensus estimate of $193.40 million. Udemy had a return on equity of 4.84% and a net margin of 0.48%.The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. Analysts expect that Udemy will post -0.09 EPS for the current fiscal year.

Udemy Company Profile

Udemy, Inc NASDAQ: UDMY operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company's platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.

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