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

Udemy (NASDAQ:UDMY) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) 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 Trading Up 1.3 %

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Udemy

In other Udemy news, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction on 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 directly owns 1,183,086 shares of the company’s stock, valued at approximately $10,304,679.06. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Ltd Naspers sold 3,200,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $7.84, for a total transaction of $25,088,000.00. Following 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 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.