Cantor Fitzgerald Estimates Udemy FY2024 Earnings

Udemy, Inc. (NASDAQ:UDMY) – Stock analysts at Cantor Fitzgerald issued their FY2024 EPS estimates for shares of Udemy in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst Y. Lee expects that the company will earn ($0.45) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $11.00 price target on the stock. The consensus estimate for Udemy’s current full-year earnings is ($0.47) per share. Cantor Fitzgerald also issued estimates for Udemy’s FY2025 earnings at ($0.32) EPS.

UDMY has been the topic of several other research reports. Scotiabank initiated coverage on Udemy in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $11.00 target price on shares of Udemy in a research report on Friday, January 17th. Finally, Morgan Stanley cut shares of Udemy from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $10.00 to $7.50 in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.92.

Udemy Stock Up 0.7 %

NASDAQ:UDMY opened at $7.49 on Friday. The stock’s fifty day moving average price is $8.16 and its two-hundred day moving average price is $8.09. Udemy has a 52-week low of $6.67 and a 52-week high of $14.74.

Udemy (NASDAQ:UDMY) last announced its earnings results on Tuesday, October 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $195.42 million for the quarter, compared to analyst estimates of $192.69 million. Udemy had a negative net margin of 12.33% and a negative return on equity of 29.36%. Udemy’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.10) earnings per share.

Insider Activity

In other news, CEO Gregory Scott Brown sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $8.50, for a total transaction of $85,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,203,727 shares of the company’s stock, valued at $10,231,679.50. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Eren Bali sold 35,518 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $9.00, for a total transaction of $319,662.00. Following the completion of the transaction, the chief technology officer now directly owns 2,225,532 shares of the company’s stock, valued at approximately $20,029,788. This trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,255,518 shares of company stock valued at $25,579,762 in the last quarter. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Udemy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in Udemy in the third quarter valued at $30,000. Nisa Investment Advisors LLC lifted its stake in Udemy by 496.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock valued at $59,000 after purchasing an additional 6,010 shares during the last quarter. Ariadne Wealth Management LP bought a new position in Udemy during the second quarter worth about $67,000. Victory Capital Management Inc. acquired a new position in Udemy during the third quarter worth approximately $75,000. Finally, Falcon Wealth Planning bought a new stake in Udemy in the fourth quarter valued at approximately $85,000. Institutional investors 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.