Udemy, Inc. (NASDAQ:UDMY) Given Consensus Recommendation of "Moderate Buy" by Analysts

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

UDMY has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Udemy from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen downgraded shares of Udemy from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Cantor Fitzgerald decreased their price objective on shares of Udemy from $11.00 to $9.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and issued a $11.00 target price on shares of Udemy in a research report on Thursday, May 1st. Finally, Canaccord Genuity Group decreased their price target on shares of Udemy from $14.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, May 1st.

Insider Buying and Selling

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

Institutional Trading of Udemy

A number of hedge funds and other institutional investors have recently made changes to their positions in UDMY. Assenagon Asset Management S.A. lifted its stake in Udemy by 1,814.5% during the first quarter. Assenagon Asset Management S.A. now owns 2,678,641 shares of the company's stock valued at $20,786,000 after purchasing an additional 2,538,728 shares during the last quarter. Federated Hermes Inc. lifted its stake in Udemy by 1,985.5% during the fourth quarter. Federated Hermes Inc. now owns 1,372,593 shares of the company's stock valued at $11,296,000 after purchasing an additional 1,306,778 shares during the last quarter. Vanguard Group Inc. lifted its stake in Udemy by 12.2% during the first quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company's stock valued at $82,747,000 after purchasing an additional 1,156,006 shares during the last quarter. Millennium Management LLC acquired a new stake in Udemy during the fourth quarter valued at approximately $5,911,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Udemy during the fourth quarter valued at approximately $4,119,000. 79.48% of the stock is currently owned by institutional investors.

Udemy Stock Performance

NASDAQ UDMY traded down $0.29 during mid-day trading on Thursday, reaching $6.54. 843,681 shares of the stock were exchanged, compared to its average volume of 1,006,856. The stock has a market capitalization of $972.69 million, a PE ratio of -14.22 and a beta of 1.77. Udemy has a 1-year low of $5.68 and a 1-year high of $10.61. The business's fifty day simple moving average is $7.04 and its 200 day simple moving average is $7.64.

Udemy (NASDAQ:UDMY - Get Free Report) last issued 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 net margin of 8.70% and a negative return on equity of 22.68%. The business had revenue of $200.30 million for the quarter, compared to the consensus estimate of $197.19 million. During the same quarter last year, the firm posted $0.03 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts anticipate that Udemy will post -0.09 EPS for the current year.

About Udemy

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.