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

Udemy (NASDAQ:UDMY) announced its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 Up 1.3 %

NASDAQ UDMY traded up $0.10 during trading hours on Thursday, reaching $7.82. 1,052,552 shares of the company were exchanged, compared to its average volume of 718,180. The stock has a market capitalization of $1.14 billion, a P/E ratio of -12.41 and a beta of 1.85. Udemy has a 1 year low of $6.67 and a 1 year high of $14.24. The business’s 50 day simple moving average is $8.05 and its 200-day simple moving average is $7.99.

Insider Buying and Selling at Udemy

In related news, major shareholder Ltd Naspers sold 3,200,000 shares of Udemy stock in a transaction dated 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 sale, the insider now owns 13,920,840 shares of the company’s stock, valued at approximately $109,139,385.60. This trade represents a 18.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Scott Brown sold 10,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $8.71, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UDMY. Cantor Fitzgerald dropped their target price on Udemy from $18.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Scotiabank assumed coverage on Udemy in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Udemy in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.92.

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.