FY2025 EPS Estimates for Udemy Lifted by Cantor Fitzgerald

Udemy, Inc. (NASDAQ:UDMY) – Analysts at Cantor Fitzgerald increased their FY2025 earnings per share estimates for Udemy in a note issued to investors on Thursday, October 30th. Cantor Fitzgerald analyst Y. Lee now anticipates that the company will post earnings of $0.02 per share for the year, up from their previous estimate of ($0.01). Cantor Fitzgerald currently has a “Overweight” rating and a $10.00 price target on the stock. The consensus estimate for Udemy’s current full-year earnings is ($0.09) per share.

Other research analysts also recently issued reports about the stock. KeyCorp lowered their price objective on shares of Udemy from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Udemy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Zacks Research upgraded shares of Udemy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and set a $12.00 price objective on shares of Udemy in a research report on Thursday, October 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Udemy in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.67.

Udemy Trading Down 2.8%

Shares of UDMY stock opened at $5.54 on Monday. The stock has a market cap of $810.95 million, a P/E ratio of -184.61 and a beta of 1.74. The stock has a 50 day simple moving average of $6.81 and a 200 day simple moving average of $6.93. Udemy has a 1 year low of $5.53 and a 1 year high of $10.61.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $195.68 million during the quarter, compared to analysts’ expectations of $193.09 million. Udemy had a positive return on equity of 2.11% and a negative net margin of 0.47%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. Udemy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Udemy announced that its board has authorized a share buyback plan on Wednesday, September 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, CFO Sarah Blanchard sold 25,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $7.08, for a total transaction of $177,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,287,953 shares in the company, valued at approximately $9,118,707.24. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Udemy

A number of institutional investors and hedge funds have recently bought and sold shares of UDMY. State of Alaska Department of Revenue acquired a new stake in Udemy in the third quarter valued at $56,000. Osaic Holdings Inc. acquired a new stake in Udemy in the second quarter valued at $56,000. New York State Teachers Retirement System acquired a new stake in Udemy in the second quarter valued at $58,000. Prudential Financial Inc. acquired a new stake in Udemy in the second quarter valued at $79,000. Finally, Hsbc Holdings PLC acquired a new stake in Udemy in the first quarter valued at $82,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

About Udemy

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.