Udemy, Inc. (NASDAQ:UDMY) Receives $9.75 Consensus Target Price from Analysts

Udemy, Inc. (NASDAQ:UDMY) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $9.75.

Several research analysts have recently commented on the company. Wall Street Zen raised Udemy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Udemy in a report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Udemy in a report on Thursday, July 31st. Zacks Research downgraded Udemy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Finally, Cantor Fitzgerald boosted their target price on Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st.

Udemy Trading Up 7.3%

NASDAQ UDMY opened at $7.08 on Friday. The stock’s 50 day moving average is $6.88 and its two-hundred day moving average is $6.90. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -33.71 and a beta of 1.76. Udemy has a 1-year low of $5.68 and a 1-year high of $10.61.

Udemy (NASDAQ:UDMY) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $199.88 million for the quarter, compared to the consensus estimate of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) earnings per share. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Udemy will post -0.09 earnings per share for the current year.

Udemy declared that its Board of Directors has approved a stock repurchase program 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 shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Udemy

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $7.08, for a total transaction of $177,000.00. Following the transaction, the chief financial officer owned 1,287,953 shares of the company’s stock, valued at approximately $9,118,707.24. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UDMY. Focus Partners Wealth raised its position in shares of Udemy by 1.9% during the 1st quarter. Focus Partners Wealth now owns 79,437 shares of the company’s stock valued at $616,000 after acquiring an additional 1,468 shares during the last quarter. Rhumbline Advisers raised its position in shares of Udemy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 132,289 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,613 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Udemy by 7.8% during the 1st quarter. HighTower Advisors LLC now owns 22,551 shares of the company’s stock valued at $175,000 after acquiring an additional 1,641 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Udemy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company’s stock valued at $420,000 after acquiring an additional 2,399 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Udemy by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,299 shares of the company’s stock valued at $354,000 after acquiring an additional 2,597 shares during the last quarter. Institutional investors and hedge funds own 79.48% of the company’s stock.

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.