KeyCorp Cuts Udemy (NASDAQ:UDMY) Price Target to $14.00

Udemy (NASDAQ:UDMY) had its target price lowered by KeyCorp from $15.00 to $14.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on Udemy from $11.00 to $12.00 and gave the stock a neutral rating in a report on Thursday, February 15th. Piper Sandler reiterated a neutral rating and issued a $13.00 target price on shares of Udemy in a report on Thursday, February 15th. Robert W. Baird lowered their target price on shares of Udemy from $15.00 to $13.00 and set an outperform rating for the company in a research note on Friday. Truist Financial increased their price target on Udemy from $13.00 to $15.00 and gave the stock a buy rating in a report on Monday, January 22nd. Finally, Morgan Stanley dropped their price objective on Udemy from $15.00 to $13.00 and set an equal weight rating on the stock in a research note on Friday, April 19th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $13.90.

Udemy Stock Up 2.4 %

Shares of Udemy stock opened at $10.13 on Friday. The firm’s 50 day moving average is $10.65 and its 200 day moving average is $12.33. Udemy has a 1 year low of $8.17 and a 1 year high of $16.01.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. Udemy had a negative net margin of 10.82% and a negative return on equity of 22.29%. The company had revenue of $189.55 million during the quarter, compared to the consensus estimate of $185.71 million. As a group, analysts predict that Udemy will post -0.47 earnings per share for the current year.

Insider Transactions at Udemy

In other Udemy news, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $10.96, for a total transaction of $164,400.00. Following the completion of the transaction, the director now owns 1,661,050 shares in the company, valued at approximately $18,205,108. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Venu Venugopal sold 6,981 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $10.82, for a total transaction of $75,534.42. Following the completion of the sale, the chief technology officer now owns 334,319 shares in the company, valued at approximately $3,617,331.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $10.96, for a total transaction of $164,400.00. Following the completion of the sale, the director now directly owns 1,661,050 shares in the company, valued at approximately $18,205,108. The disclosure for this sale can be found here. Insiders sold a total of 46,981 shares of company stock valued at $514,884 over the last three months. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Udemy

A number of large investors have recently bought and sold shares of UDMY. Venturi Wealth Management LLC purchased a new position in shares of Udemy during the 3rd quarter valued at $29,000. Daiwa Securities Group Inc. lifted its holdings in Udemy by 261.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock valued at $70,000 after purchasing an additional 3,420 shares during the last quarter. RIA Advisory Group LLC bought a new position in Udemy during the fourth quarter worth about $76,000. SG Americas Securities LLC purchased a new position in shares of Udemy in the third quarter worth about $95,000. Finally, Principal Financial Group Inc. raised its position in shares of Udemy by 18.8% in the first quarter. Principal Financial Group Inc. now owns 12,053 shares of the company’s stock valued at $132,000 after purchasing an additional 1,904 shares during the period. 79.48% of the stock is owned by hedge funds and other institutional investors.

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.