Taking on analysts’ expectations and winning: Udemy Inc (UDMY)

Udemy Inc (NASDAQ: UDMY) stock jumped 0.07% on Friday to $13.81 against a previous-day closing price of $13.80. With 0.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $14.14 whereas the lowest price it dropped to was $13.77. The 52-week range on UDMY shows that it touched its highest point at $15.96 and its lowest point at $8.17 during that stretch. It currently has a 1-year price target of $13.87. Beta for the stock currently stands at 2.22.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UDMY was up-trending over the past week, with a rise of 6.44%, but this was up by 40.35% over a month. Three-month performance surged to 28.35% while six-month performance rose 54.30%. The stock lost -4.56% in the past year, while it has gained 30.90% so far this year. A look at the trailing 12-month EPS for UDMY yields -0.95 with Next year EPS estimates of -0.26. For the next quarter, that number is -0.02. This implies an EPS growth rate of -13.68% for this year and 51.52% for next year.

Float and Shares Shorts:

At present, 145.01 million UDMY shares are outstanding with a float of 65.37 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.83 million, which was 2.50% higher than short shares on Sep 28, 2023. In addition to Mr. Gregory Scott Brown as the firm’s President, CEO & Director, Ms. Sarah Walter Blanchard serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 79.42% of UDMY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 35.16% of UDMY, in contrast to 18.85% held by mutual funds. Shares owned by individuals account for 13.12%. As the largest shareholder in UDMY with 6.52% of the stake, Caledonia holds 9,809,067 shares worth 9,809,067. A second-largest stockholder of UDMY, The Vanguard Group, Inc., holds 8,638,551 shares, controlling over 5.74% of the firm’s shares. Greenvale Capital LLP is the third largest shareholder in UDMY, holding 6,450,000 shares or 4.29% stake. With a 2.03% stake in UDMY, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,047,124 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.55% of UDMY stock, is the second-largest Mutual Fund holder. It holds 2,334,276 shares valued at 20.85 million. iShares Russell 2000 ETF holds 1.32% of the stake in UDMY, owning 1,988,559 shares worth 17.76 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UDMY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UDMY analysts setting a high price target of $20.00 and a low target of $10.00, the average target price over the next 12 months is $13.87. Based on these targets, UDMY could surge 44.82% to reach the target high and fall by -27.59% to reach the target low. Reaching the average price target will result in a growth of 0.43% from current levels.

Summary of Insider Activity:

Insiders traded UDMY stock several times over the past three months with 0 Buys and 16 Sells. In these transactions, 0 shares were bought while 160,585 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 66 over the past year. The total number of shares bought during that period was 2,398,052 while 1,202,148 shares were sold.