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

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

Udemy Stock Up 28.0 %

Udemy stock traded up $2.19 on Monday, hitting $10.01. The company's stock had a trading volume of 7,021,349 shares, compared to its average volume of 713,144. The firm has a market cap of $1.46 billion, a P/E ratio of -15.89 and a beta of 1.85. The company has a fifty day moving average price of $8.10 and a 200-day moving average price of $8.00. Udemy has a one year low of $6.67 and a one year high of $12.07.

Analysts Set New Price Targets

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

Insider Buying and Selling at Udemy

In other news, major shareholder Ltd Naspers sold 3,200,000 shares of the business's stock in a transaction on 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 sale, the insider now owns 13,920,840 shares in the company, valued at approximately $109,139,385.60. The trade was a 18.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Scott Brown sold 10,000 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $8.71, for a total transaction of $87,100.00. Following the completion of the sale, the chief executive officer now owns 1,183,086 shares in the company, valued at $10,304,679.06. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.20% 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.