Brokerages Set Udemy, Inc. (NASDAQ:UDMY) PT at $9.75

Key Points

• Udemy, Inc. has received a consensus recommendation of "Moderate Buy" from nine research firms, with an average 1-year price target of $9.75.
• Several analysts have adjusted their ratings and price targets, including Cantor Fitzgerald raising it to $10.00 and Needham reiterating a "buy" rating with a target price of $11.00.
• Institutional investors own approximately 79.48% of Udemy's stock, with notable increases in holdings from firms like Wells Fargo and Renaissance Technologies.

Udemy, Inc. (NASDAQ:UDMY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9.75.

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Udemy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Cantor Fitzgerald upped their price target on shares of Udemy from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley raised Udemy from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Udemy in a research note on Thursday, July 31st.

Insider Activity

In other news, CFO Sarah Blanchard sold 25,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $6.99, for a total value of $174,750.00. Following the transaction, the chief financial officer directly owned 1,077,097 shares of the company's stock, valued at $7,528,908.03. The trade was a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Udemy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new stake in Udemy in the fourth quarter valued at $34,000. Vega Investment Solutions bought a new stake in Udemy in the fourth quarter valued at $46,000. GAMMA Investing LLC increased its stake in Udemy by 558.3% in the first 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 in the last quarter. State of Wyoming bought a new stake in Udemy in the fourth quarter valued at $59,000. Finally, New York State Teachers Retirement System bought a new stake in Udemy in the second quarter valued at $58,000. 79.48% of the stock is owned by institutional investors.

Udemy Stock Down 1.4%

Shares of NASDAQ UDMY traded down $0.10 during trading on Friday, reaching $6.86. The company had a trading volume of 2,317,797 shares, compared to its average volume of 1,594,279. Udemy has a 12 month low of $5.68 and a 12 month high of $10.61. The stock has a market cap of $1.03 billion, a P/E ratio of -32.67 and a beta of 1.78. The company's fifty day moving average price is $7.01 and its 200-day moving average price is $7.41.

Udemy (NASDAQ:UDMY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $199.88 million for the quarter, compared to analysts' expectations of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The firm's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Udemy will post -0.09 earnings per share for the current year.

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.