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Udemy, Inc. (NASDAQ:UDMY) Receives Average Recommendation of "Moderate Buy" from Analysts

Udemy logo with Computer and Technology background

Udemy, Inc. (NASDAQ:UDMY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $10.05.

UDMY has been the topic of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Udemy in a research report on Thursday, May 1st. Cantor Fitzgerald decreased their price target on shares of Udemy from $11.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded Udemy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 7th. William Blair downgraded Udemy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 12th. Finally, Truist Financial reiterated a "hold" rating and set a $7.00 price target (down from $10.00) on shares of Udemy in a research report on Monday, April 7th.

Get Our Latest Stock Report on Udemy

Insider Buying and Selling

In other Udemy news, CEO Hugo Sarrazin bought 22,695 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were acquired at an average cost of $6.91 per share, with a total value of $156,822.45. Following the purchase, the chief executive officer directly owned 47,580 shares of the company's stock, valued at $328,777.80. This trade represents a 91.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sarah Blanchard sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $6.99, for a total transaction of $174,750.00. Following the completion of the transaction, the chief financial officer directly owned 1,077,097 shares in the company, valued at $7,528,908.03. This trade represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 47,580 shares of company stock worth $330,894 over the last three months. Corporate insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UDMY. SBI Securities Co. Ltd. purchased a new stake in shares of Udemy during the 4th quarter valued at approximately $31,000. Quarry LP acquired a new position in shares of Udemy in the 4th quarter valued at $34,000. Vega Investment Solutions acquired a new position in shares of Udemy in the 4th quarter valued at $46,000. GAMMA Investing LLC lifted its stake in shares of Udemy by 558.3% in 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. Finally, State of Wyoming acquired a new stake in shares of Udemy during the 4th quarter worth about $59,000. 79.48% of the stock is owned by hedge funds and other institutional investors.

Udemy Stock Performance

NASDAQ UDMY traded down $0.16 during mid-day trading on Thursday, reaching $6.83. 1,085,581 shares of the stock were exchanged, compared to its average volume of 1,005,505. The business's 50 day moving average is $7.03 and its 200-day moving average is $7.66. Udemy has a 1 year low of $5.68 and a 1 year high of $10.61. The company has a market capitalization of $1.02 billion, a P/E ratio of -14.85 and a beta of 1.77.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Udemy had a negative return on equity of 22.68% and a negative net margin of 8.70%. The firm had revenue of $200.30 million for the quarter, compared to analysts' expectations of $197.19 million. During the same period last year, the firm earned $0.03 EPS. The company's quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Udemy will post -0.09 earnings per share for the current fiscal year.

Udemy Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Udemy (NASDAQ:UDMY)

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