Analysts Set Udemy, Inc. (NASDAQ:UDMY) Target Price at $9.75

Shares of Udemy, Inc. (NASDAQ:UDMY) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.75.

UDMY has been the topic of a number of research reports. Zacks Research cut Udemy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Udemy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Morgan Stanley raised shares of Udemy from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $7.00 to $9.00 in a research note on Thursday, June 5th. Cantor Fitzgerald boosted their target price on shares of Udemy from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Udemy in a research note on Thursday, July 31st.

Insider Buying and Selling

In related news, CFO Sarah Blanchard sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $7.08, for a total value of $177,000.00. Following the sale, the chief financial officer directly owned 1,287,953 shares in the company, valued at $9,118,707.24. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Udemy

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in 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 acquiring an additional 5,890 shares during the period. State of Wyoming acquired a new position in shares of Udemy during the 4th quarter valued at $59,000. Osaic Holdings Inc. acquired a new position in shares of Udemy during the 2nd quarter valued at $56,000. New York State Teachers Retirement System acquired a new position in shares of Udemy during the 2nd quarter valued at $58,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Udemy during the 1st quarter valued at $82,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Udemy Stock Up 1.1%

NASDAQ:UDMY opened at $7.12 on Tuesday. The business’s 50 day moving average is $7.04 and its two-hundred day moving average is $7.05. Udemy has a 52 week low of $5.68 and a 52 week high of $10.61. The company has a market cap of $1.07 billion, a PE ratio of -33.90 and a beta of 1.77.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $199.88 million for the quarter, compared to analysts’ expectations of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Udemy will post -0.09 EPS for the current fiscal year.

Udemy announced that its board has approved a stock repurchase plan on Wednesday, September 10th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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.