Udemy (UDMY) to Release Quarterly Earnings on Tuesday

Udemy (NASDAQ:UDMY - Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Udemy to post earnings of $0.01 per share for the quarter. Udemy has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.07). Udemy had a negative return on equity of 26.62% and a negative net margin of 11.39%. The business had revenue of $194.36 million during the quarter, compared to the consensus estimate of $194.17 million. On average, analysts expect Udemy to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Udemy Trading Down 0.2 %

Shares of NASDAQ:UDMY traded down $0.02 during trading on Tuesday, reaching $8.29. The company's stock had a trading volume of 454,257 shares, compared to its average volume of 909,548. The stock has a market capitalization of $1.25 billion, a PE ratio of -14.58 and a beta of 1.97. Udemy has a 12 month low of $6.67 and a 12 month high of $16.01. The firm's 50 day simple moving average is $7.87 and its two-hundred day simple moving average is $8.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America cut Udemy from a "buy" rating to a "neutral" rating and set a $8.50 target price for the company. in a report on Thursday, August 1st. Canaccord Genuity Group assumed coverage on Udemy in a research report on Thursday, August 8th. They set a "buy" rating and a $12.00 target price for the company. Cantor Fitzgerald upgraded shares of Udemy to a "strong-buy" rating in a report on Tuesday, August 13th. Morgan Stanley downgraded Udemy from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $10.00 to $7.50 in a report on Friday, September 27th. Finally, Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of Udemy in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Udemy has a consensus rating of "Moderate Buy" and an average target price of $11.92.

Insider Transactions at Udemy

In other Udemy news, Director Eren Bali sold 15,000 shares of the company's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $9.10, for a total transaction of $136,500.00. Following the transaction, the director now owns 1,639,477 shares in the company, valued at approximately $14,919,240.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Udemy news, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $9.10, for a total transaction of $136,500.00. Following the completion of the sale, the director now owns 1,639,477 shares of the company's stock, valued at approximately $14,919,240.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sarah Blanchard sold 45,000 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.05, for a total value of $362,250.00. Following the completion of the sale, the chief financial officer now owns 1,001,761 shares in the company, valued at approximately $8,064,176.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,000 shares of company stock worth $505,830. Insiders own 3.20% of the company's stock.

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.