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

Udemy (NASDAQ:UDMY) released its 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 Price Performance

UDMY opened at $7.82 on Friday. Udemy has a 12 month low of $6.67 and a 12 month high of $14.24. The stock has a market cap of $1.14 billion, a P/E ratio of -12.41 and a beta of 1.85. The stock’s 50 day moving average price is $8.05 and its 200 day moving average price is $7.99.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UDMY. Cantor Fitzgerald decreased their price objective on Udemy from $18.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Udemy in a research note on Friday. Finally, Scotiabank initiated coverage on Udemy in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 price objective for the company. One equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.92.

Insider Activity

In other news, CEO Gregory Scott Brown sold 10,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,183,086 shares of the company’s stock, valued at $10,304,679.06. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Ltd Naspers sold 3,200,000 shares of Udemy stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $7.84, for a total value of $25,088,000.00. Following the sale, the insider now directly owns 13,920,840 shares of the company’s stock, valued at approximately $109,139,385.60. The trade was a 18.69 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

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.