Udemy, Inc. (NASDAQ:UDMY) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts give Udemy a consensus rating of "Hold" (1 sell, 4 hold, 2 buy) with an average 12‑month price target of $8.80, though some firms have lower targets (Canaccord $5) and recent downgrades/sell reissues were noted.
• Udemy slightly beat last quarter's EPS ($0.12 vs. $0.10) with revenue of $193.99M, but revenue was down 3% year‑over‑year and margins remain thin; analysts expect about -$0.01 EPS for the current year.
• The stock trades near $4.74 with a market cap of roughly $692M (1‑year range $4.02–$8.09), insider ownership ~3.2% after the CFO sold 25,000 shares, and institutional holdings around 79.5%.

Shares of Udemy, Inc. (NASDAQ:UDMY - Get Free Report) have earned a consensus rating of "Hold" from the seven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.80.

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

Udemy Stock Performance

NASDAQ UDMY opened at $4.74 on Wednesday. The stock has a market capitalization of $691.76 million, a P/E ratio of 237.12 and a beta of 1.59. Udemy has a 1 year low of $4.02 and a 1 year high of $8.09. The business's fifty day moving average is $4.78 and its two-hundred day moving average is $5.19.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $193.99 million for the quarter, compared to analysts' expectations of $193.40 million. Udemy had a return on equity of 4.84% and a net margin of 0.48%.The firm's revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. On average, research analysts forecast that Udemy will post -0.01 earnings per share for the current year.

Insider Transactions at Udemy

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the business's stock in a transaction on 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Udemy

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in Udemy by 217.6% in the first 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. boosted its holdings in Udemy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company's stock worth $420,000 after purchasing an additional 2,399 shares in the last quarter. Millennium Management LLC boosted its holdings in Udemy by 5.0% in the first quarter. Millennium Management LLC now owns 753,782 shares of the company's stock worth $5,849,000 after purchasing an additional 35,577 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Udemy by 45.2% in the first quarter. Goldman Sachs Group Inc. now owns 658,603 shares of the company's stock worth $5,111,000 after purchasing an additional 205,104 shares in 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 purchasing an additional 77,260 shares in the last quarter. 79.48% of the stock is owned by institutional investors and hedge funds.

About Udemy

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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