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

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.

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

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.