FY2025 EPS Estimates for Udemy Raised by Cantor Fitzgerald

Udemy, Inc. (NASDAQ:UDMY) – Analysts at Cantor Fitzgerald boosted their FY2025 EPS estimates for Udemy in a note issued to investors on Thursday, May 1st. Cantor Fitzgerald analyst Y. Lee now anticipates that the company will post earnings per share of ($0.09) for the year, up from their previous forecast of ($0.17). Cantor Fitzgerald currently has a “Overweight” rating and a $9.00 target price on the stock. The consensus estimate for Udemy’s current full-year earnings is ($0.09) per share.

A number of other brokerages have also issued reports on UDMY. Canaccord Genuity Group decreased their target price on shares of Udemy from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Truist Financial restated a “hold” rating and issued a $7.00 target price (down previously from $10.00) on shares of Udemy in a research note on Monday, April 7th. Morgan Stanley cut their price target on Udemy from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. William Blair cut Udemy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 12th. Finally, Robert W. Baird cut their price objective on shares of Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Udemy has a consensus rating of “Moderate Buy” and a consensus price target of $9.86.

Udemy Stock Performance

Shares of UDMY opened at $6.48 on Monday. The company has a market capitalization of $963.78 million, a PE ratio of -11.37 and a beta of 1.82. The company’s 50 day moving average price is $7.49 and its 200 day moving average price is $8.01. Udemy has a 52 week low of $5.68 and a 52 week high of $10.61.

Udemy (NASDAQ:UDMY) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The firm had revenue of $200.30 million for the quarter, compared to analyst estimates of $197.19 million. During the same period in the previous year, the firm earned $0.03 earnings per share. Udemy’s quarterly revenue was up 1.8% on a year-over-year basis.

Institutional Trading of Udemy

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in shares of Udemy during the fourth quarter valued at about $31,000. Quarry LP bought a new position in Udemy during the fourth quarter valued at about $34,000. Vega Investment Solutions acquired a new position in Udemy in the 4th quarter valued at approximately $46,000. GAMMA Investing LLC lifted its position in shares of Udemy by 558.3% in the 1st quarter. GAMMA Investing LLC now owns 6,945 shares of the company’s stock worth $54,000 after acquiring an additional 5,890 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Udemy during the 4th quarter worth approximately $59,000. 79.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Heather Hiles sold 14,840 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total value of $145,580.40. Following the sale, the director now owns 42,667 shares in the company, valued at approximately $418,563.27. This trade represents a 25.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Eren Bali sold 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.02, for a total transaction of $80,200.00. Following the transaction, the chief technology officer now directly owns 2,146,050 shares in the company, valued at $17,211,321. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,168 shares of company stock worth $952,186 in the last quarter. 3.20% of the stock is currently owned by company insiders.

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.