Udemy (NASDAQ:UDMY) Issues Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Udemy (NASDAQ:UDMY - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.10), Zacks reports. The firm had revenue of $199.94 million for the quarter, compared to analyst estimates of $194.70 million. Udemy had a negative return on equity of 29.36% and a negative net margin of 12.33%. Udemy updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Udemy Price Performance

Shares of NASDAQ:UDMY traded up $2.19 during midday trading on Monday, reaching $10.01. 7,021,349 shares of the company's stock were exchanged, compared to its average volume of 713,144. The firm's 50 day simple moving average is $8.10 and its two-hundred day simple moving average is $8.00. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -15.89 and a beta of 1.85. Udemy has a fifty-two week low of $6.67 and a fifty-two week high of $12.07.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UDMY. Canaccord Genuity Group increased their target price on Udemy from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday. Cantor Fitzgerald decreased their price objective on Udemy from $18.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Scotiabank began coverage on Udemy in a report on Thursday, December 5th. They set a "sector outperform" rating and a $10.00 price target on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and set a $11.00 price target on shares of Udemy in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Udemy has an average rating of "Moderate Buy" and an average price target of $10.82.

Insider Buying and Selling at Udemy

In other Udemy news, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $8.71, for a total value of $87,100.00. Following the completion of the transaction, the chief executive officer now directly owns 1,183,086 shares of the company's stock, valued at $10,304,679.06. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Ltd Naspers sold 3,200,000 shares of Udemy stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $7.84, for a total value of $25,088,000.00. Following the completion of the transaction, the insider now directly owns 13,920,840 shares of the company's stock, valued at approximately $109,139,385.60. This represents a 18.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate 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.