---
title: "Udemy (NASDAQ:UDMY) Price Target Cut to $11.00 by Analysts at Robert W. Baird"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/210466250.md"
description: "Udemy's price target has been cut from $13.00 to $11.00 by analysts at Robert W. Baird. The stock currently has an \"outperform\" rating. Other analysts have also reduced their price targets for Udemy. The stock is currently trading at $9.24, with a 52-week high of $16.01. Insiders have recently sold a significant amount of shares."
datetime: "2024-08-01T12:36:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/210466250.md)
  - [en](https://longbridge.com/en/news/210466250.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/210466250.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/210466250.md) | [English](https://longbridge.com/en/news/210466250.md)


# Udemy (NASDAQ:UDMY) Price Target Cut to $11.00 by Analysts at Robert W. Baird

Udemy (NASDAQ:UDMY - Get Free Report) had its price objective lowered by analysts at Robert W. Baird from $13.00 to $11.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's price objective points to a potential upside of 19.05% from the company's current price.

-   Chegg Chokes on AI Attempt, CEO Talks it Up as He Passes Torch

UDMY has been the subject of a number of other reports. Morgan Stanley reduced their price objective on shares of Udemy from $15.00 to $13.00 and set an "equal weight" rating for the company in a research note on Friday, April 19th. KeyCorp cut their target price on shares of Udemy from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Monday, July 22nd. Jefferies Financial Group reduced their price objective on Udemy from $14.00 to $11.00 and set a "hold" rating for the company in a research note on Monday, April 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 target price on shares of Udemy in a research note on Friday, May 3rd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $20.00 price target on shares of Udemy in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.60.

**Get Our Latest Stock Report on UDMY**

## Udemy Stock Up 1.1 %

-   Duolingo Speaks the Language of Growth for Investors

NASDAQ:UDMY opened at $9.24 on Thursday. The business's 50-day moving average price is $8.57 and its 200 day moving average price is $10.39. The firm has a market cap of $1.41 billion, a P/E ratio of -17.43 and a beta of 2.00. Udemy has a 52-week low of $7.91 and a 52-week high of $16.01.

Udemy (NASDAQ:UDMY - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The firm had revenue of $196.85 million for the quarter, compared to analyst estimates of $194.83 million. Udemy had a negative return on equity of 23.10% and a negative net margin of 10.82%. Sell-side analysts expect that Udemy will post -0.45 EPS for the current year.

## Insiders Place Their Bets

-   Udemy stock got boosted by analysts, massive growth at discounts

In other Udemy news, CTO Venu Venugopal sold 7,086 shares of Udemy stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $9.89, for a total value of $70,080.54. Following the transaction, the chief technology officer now directly owns 429,927 shares of the company's stock, valued at approximately $4,251,978.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $8.50, for a total transaction of $85,000.00. Following the sale, the chief executive officer now owns 1,273,406 shares of the company's stock, valued at approximately $10,823,951. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Venu Venugopal sold 7,086 shares of Udemy stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $9.89, for a total value of $70,080.54. Following the sale, the chief technology officer now directly owns 429,927 shares in the company, valued at approximately $4,251,978.03. The disclosure for this sale can be found here. Insiders have sold a total of 79,486 shares of company stock valued at $740,941 in the last three months. Company insiders own 3.20% of the company's stock.

## Institutional Trading of Udemy

Several institutional investors have recently modified their holdings of UDMY. Sea Cliff Partners Management LP acquired a new stake in shares of Udemy during the 4th quarter worth approximately $25,661,000. Inflection Point Investments LLP acquired a new stake in Udemy in the 4th quarter valued at $21,390,000. Vanguard Group Inc. boosted its stake in Udemy by 19.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,860,490 shares of the company's stock valued at $84,175,000 after buying an additional 1,433,980 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Udemy in the 1st quarter valued at $8,109,000. Finally, Invenomic Capital Management LP boosted its stake in Udemy by 22.9% in the 1st quarter. Invenomic Capital Management LP now owns 2,747,453 shares of the company's stock valued at $30,167,000 after buying an additional 512,618 shares in the last quarter. Institutional investors and hedge funds own 79.48% of the company's stock.

## About Udemy

(Get Free Report)

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.

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_This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com._

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