Udemy, Inc. (NASDAQ:UDMY) Given Average Rating of "Moderate Buy" by Brokerages

Udemy, Inc. (NASDAQ:UDMY - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $10.23.

UDMY has been the topic of a number of recent research reports. Canaccord Genuity Group upped their price target on Udemy from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, February 14th. William Blair downgraded shares of Udemy from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. decreased their price target on shares of Udemy from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Truist Financial reaffirmed a "hold" rating and issued a $7.00 target price (down from $10.00) on shares of Udemy in a research note on Monday, April 7th. Finally, Morgan Stanley dropped their target price on shares of Udemy from $9.00 to $7.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th.

Udemy Price Performance

Shares of NASDAQ UDMY traded down $0.08 during trading on Friday, hitting $6.83. The stock had a trading volume of 475,730 shares, compared to its average volume of 980,469. The company has a market capitalization of $1.01 billion, a PE ratio of -11.98 and a beta of 1.81. Udemy has a 12 month low of $5.68 and a 12 month high of $11.60. The firm has a fifty day moving average of $7.82 and a two-hundred day moving average of $8.06.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.10). Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The business had revenue of $199.94 million for the quarter, compared to analysts' expectations of $194.70 million. On average, equities analysts expect that Udemy will post -0.09 earnings per share for the current fiscal year.

Insider Activity at Udemy

In other news, Director Heather Hiles sold 14,840 shares of Udemy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total transaction of $145,580.40. Following the transaction, the director now directly owns 42,667 shares of the company's stock, valued at $418,563.27. The trade was a 25.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory Scott Brown sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $9.43, for a total transaction of $94,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,141,896 shares of the company's stock, valued at $10,768,079.28. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,168 shares of company stock worth $952,186. Corporate insiders own 3.20% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new stake in shares of Udemy during the first quarter valued at approximately $97,000. Assenagon Asset Management S.A. lifted its stake in Udemy by 1,814.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,678,641 shares of the company's stock worth $20,786,000 after purchasing an additional 2,538,728 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Udemy by 558.3% during the 1st quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock valued at $54,000 after purchasing an additional 5,890 shares during the last quarter. Vega Investment Solutions purchased a new position in shares of Udemy during the fourth quarter valued at about $46,000. Finally, PharVision Advisers LLC bought a new stake in shares of Udemy in the fourth quarter worth about $144,000. 79.48% of the stock is 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.