Udemy (UDMY) to Release Earnings on Thursday

Udemy (NASDAQ:UDMY) is scheduled to be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Udemy has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Udemy (NASDAQ:UDMY) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. The business had revenue of $189.55 million during the quarter, compared to analyst estimates of $185.71 million. On average, analysts expect Udemy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Udemy Stock Performance

UDMY opened at $10.04 on Thursday. Udemy has a fifty-two week low of $8.17 and a fifty-two week high of $16.01. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -13.94 and a beta of 2.14. The firm’s fifty day moving average is $10.75 and its 200 day moving average is $12.30.

Insiders Place Their Bets

In other Udemy news, CTO Venu Venugopal sold 6,981 shares of Udemy stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $10.82, for a total value of $75,534.42. Following the transaction, the chief technology officer now directly owns 334,319 shares of the company’s stock, valued at $3,617,331.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Udemy news, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the sale, the chief executive officer now owns 1,163,328 shares of the company’s stock, valued at approximately $12,843,141.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Venu Venugopal sold 6,981 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $10.82, for a total value of $75,534.42. Following the completion of the transaction, the chief technology officer now directly owns 334,319 shares in the company, valued at $3,617,331.58. The disclosure for this sale can be found here. Insiders have sold a total of 50,981 shares of company stock worth $570,044 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Udemy from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Robert W. Baird raised their price target on Udemy from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. KeyCorp upped their price objective on Udemy from $13.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. Morgan Stanley cut their target price on shares of Udemy from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. Finally, TheStreet downgraded shares of Udemy from a “c-” rating to a “d+” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.78.

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.