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

Udemy (NASDAQ:UDMY) issued its quarterly earnings data 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 Performance

NASDAQ:UDMY opened at $10.01 on Friday. The firm’s 50-day moving average is $8.07 and its 200-day moving average is $7.99. Udemy has a 52-week low of $6.67 and a 52-week high of $12.07.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UDMY shares. Canaccord Genuity Group lifted their price objective on shares of Udemy from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday. Cantor Fitzgerald reduced their price objective on shares of Udemy from $18.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Scotiabank started coverage on shares of Udemy in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Udemy in a research note on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Udemy has an average rating of “Moderate Buy” and an average target price of $11.08.

Insider Transactions at Udemy

In other news, major shareholder Ltd Naspers sold 3,200,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $7.84, for a total transaction of $25,088,000.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Scott Brown sold 10,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $8.71, for a total transaction of $87,100.00. Following the transaction, the chief executive officer now owns 1,183,086 shares in the company, valued at approximately $10,304,679.06. The trade was 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.

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.