Udemy (UDMY) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Udemy in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" UDMY shares.
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8 Wall Street analysts have issued 1 year target prices for Udemy's stock. Their UDMY share price forecasts range from $11.00 to $16.00. On average, they expect the company's stock price to reach $14.00 in the next year. This suggests a possible upside of 40.8% from the stock's current price.
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Udemy's stock was trading at $10.55 on January 1st, 2023. Since then, UDMY stock has decreased by 5.8% and is now trading at $9.94.
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Udemy saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,870,000 shares, an increase of 48.7% from the April 30th total of 1,930,000 shares. Based on an average trading volume of 541,400 shares, the days-to-cover ratio is currently 5.3 days. Approximately 5.7% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Udemy, Inc. (NASDAQ:UDMY) announced its quarterly earnings results on Tuesday, December, 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $129.60 million for the quarter, compared to analyst estimates of $125.59 million. Udemy had a negative net margin of 26.45% and a negative trailing twelve-month return on equity of 45.38%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share.

ETFs with the largest weight of Udemy (NASDAQ:UDMY) stock in their portfolio include Global X Education ETF (EDUT), Fidelity Cloud Computing ETF (FCLD).Gen Z ETF (ZGEN),

Udemy issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $172.00 million-$174.00 million, compared to the consensus revenue estimate of $173.68 million.

(UDMY) raised $406 million in an initial public offering on Friday, October 29th 2021. The company issued 14,500,000 shares at $27.00-$29.00 per share.

Udemy trades on the NASDAQ under the ticker symbol "UDMY."

Udemy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Caledonia Private Investments Pty Ltd (5.85%), Greenvale Capital LLP (4.39%), BlackRock Inc. (2.99%), Geode Capital Management LLC (0.95%), State Street Corp (0.89%) and Credit Suisse AG (0.53%). Insiders that own company stock include Eren Bali, Gregg Coccari, Gregory Scott Brown, Prasad Gune, Richard Qiu, Sarah Blanchard and Venu Venugopal.
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Shares of UDMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UDMY stock can currently be purchased for approximately $9.94.

Udemy (NASDAQ:UDMY) has a market capitalization of $1.46 billion and generates $629.10 million in revenue each year. The company earns $-153,880,000.00 in net income (profit) each year or ($1.21) on an earnings per share basis.

The company employs 1,678 workers across the globe.

The official website for the company is www.udemy.com. The company can be reached via email at investors@udemy.com.