Udemy, Inc. (NASDAQ:UDMY – Get Free Report) has earned a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $8.80.
A number of analysts have commented on the stock. KeyCorp downgraded shares of Udemy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, January 13th. Canaccord Genuity Group set a $5.00 price target on shares of Udemy in a research report on Monday, February 9th. Finally, Weiss Ratings downgraded shares of Udemy from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday.
Read Our Latest Research Report on UDMY
Insider Activity at Udemy
Institutional Trading of Udemy
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Udemy by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,895,585 shares of the company’s stock worth $83,388,000 after purchasing an additional 436,984 shares in the last quarter. J. Goldman & Co LP raised its holdings in shares of Udemy by 175.3% in the 4th quarter. J. Goldman & Co LP now owns 4,243,340 shares of the company’s stock worth $24,824,000 after purchasing an additional 2,701,889 shares in the last quarter. Westerly Capital Management LLC raised its holdings in shares of Udemy by 76.6% in the 4th quarter. Westerly Capital Management LLC now owns 4,000,000 shares of the company’s stock worth $23,400,000 after purchasing an additional 1,735,000 shares in the last quarter. Mak Capital One LLC bought a new stake in shares of Udemy in the 4th quarter worth approximately $22,053,000. Finally, UBS Group AG raised its holdings in shares of Udemy by 56.8% in the 3rd quarter. UBS Group AG now owns 1,786,371 shares of the company’s stock worth $12,522,000 after purchasing an additional 646,755 shares in the last quarter. 79.48% of the stock is currently owned by institutional investors.
Udemy Stock Performance
UDMY stock opened at $4.63 on Wednesday. Udemy has a 52 week low of $4.02 and a 52 week high of $8.09. The company has a market capitalization of $675.68 million, a price-to-earnings ratio of 231.62 and a beta of 1.59. The firm’s 50-day moving average is $4.75 and its two-hundred day moving average is $5.11.
Udemy Company Profile
Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company’s platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.
In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.
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