Udemy (NASDAQ:UDMY) PT Lowered to $14.00

Udemy (NASDAQ:UDMY) had its price target decreased by research analysts at KeyCorp from $15.00 to $14.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 38.20% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Udemy from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Truist Financial raised their price objective on shares of Udemy from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Udemy in a research report on Friday. Robert W. Baird reduced their price target on Udemy from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Jefferies Financial Group reduced their target price on Udemy from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Udemy currently has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Udemy Stock Performance

Udemy stock opened at $10.13 on Friday. The firm’s 50 day moving average price is $10.65 and its two-hundred day moving average price is $12.32. Udemy has a 1 year low of $8.17 and a 1 year high of $16.01.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. Udemy had a negative net margin of 10.82% and a negative return on equity of 22.29%. The business had revenue of $189.55 million during the quarter, compared to the consensus estimate of $185.71 million. Equities research analysts forecast that Udemy will post -0.47 earnings per share for the current year.

Insider Transactions at Udemy

In other news, Director Eren Bali sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $10.97, for a total value of $164,550.00. Following the sale, the director now directly owns 1,676,050 shares in the company, valued at approximately $18,386,268.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Udemy news, CEO Gregory Scott Brown sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.04, for a total value of $110,400.00. Following the transaction, the chief executive officer now directly owns 1,163,328 shares in the company, valued at $12,843,141.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $10.97, for a total transaction of $164,550.00. Following the sale, the director now directly owns 1,676,050 shares of the company’s stock, valued at approximately $18,386,268.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,981 shares of company stock worth $514,884. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Udemy

A number of institutional investors have recently modified their holdings of UDMY. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Udemy by 5.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,903 shares of the company’s stock valued at $205,000 after purchasing an additional 732 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Udemy by 18.8% during the first quarter. Principal Financial Group Inc. now owns 12,053 shares of the company’s stock worth $132,000 after purchasing an additional 1,904 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Udemy by 2.0% during the 3rd quarter. Swiss National Bank now owns 145,200 shares of the company’s stock valued at $1,379,000 after purchasing an additional 2,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Udemy by 28.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,171 shares of the company’s stock valued at $125,000 after buying an additional 2,880 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in shares of Udemy during the third quarter worth $29,000. 79.48% of the stock is owned by institutional investors.

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.