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

Udemy (NASDAQ:UDMY) posted its earnings results on Thursday. The company reported ($0.03) earnings per share 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%. Udemy updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Udemy Stock Performance

Shares of NASDAQ UDMY opened at $10.01 on Friday. The company’s 50 day simple moving average is $8.07 and its 200 day simple moving average is $7.99. Udemy has a fifty-two week low of $6.67 and a fifty-two week high of $12.07.

Insider Transactions at Udemy

In other Udemy news, major shareholder Ltd Naspers sold 3,200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 in the company, valued at $109,139,385.60. This trade represents a 18.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Scott Brown sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $8.71, for a total value of $87,100.00. Following the transaction, the chief executive officer now directly owns 1,183,086 shares in the company, valued at $10,304,679.06. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Udemy in a research report on Friday. Cantor Fitzgerald reduced their price target 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. Scotiabank assumed 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, Canaccord Genuity Group boosted 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Udemy presently has an average rating of “Moderate Buy” and an average price target of $11.08.

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.