The price of Udemy Inc (NASDAQ: UDMY) closed at $11.08 in the last session, up 0.73% from day before closing price of $11.00. In other words, the price has increased by $+0.08 from its previous closing price. On the day, 549455 shares were traded. UDMY stock price reached its highest trading level at $11.19 during the session, while it also had its lowest trading level at $10.99.
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Ratios:
We take a closer look at UDMY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.
On July 18, 2022, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $13 to $11.
On March 30, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $22.Cantor Fitzgerald initiated its Overweight rating on March 30, 2022, with a $22 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Bali Eren sold 15,000 shares for $10.97 per share. The transaction valued at 164,550 led to the insider holds 1,676,050 shares of the business.
Brown Gregory Scott sold 10,000 shares of UDMY for $110,400 on Mar 06 ’24. The President and CEO now owns 1,163,328 shares after completing the transaction at $11.04 per share. On Feb 20 ’24, another insider, Venugopal Venu, who serves as the Chief Technology Officer of the company, sold 6,981 shares for $10.82 each. As a result, the insider received 75,534 and left with 334,319 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UDMY now has a Market Capitalization of 1.75B and an Enterprise Value of 1.28B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 4.88. Its current Enterprise Value per Revenue stands at 1.76 whereas that against EBITDA is -16.32.
Stock Price History:
Over the past 52 weeks, UDMY has reached a high of $16.01, while it has fallen to a 52-week low of $8.17. The 50-Day Moving Average of the stock is 12.25, while the 200-Day Moving Average is calculated to be 11.69.
Shares Statistics:
According to the various share statistics, UDMY traded on average about 972.59K shares per day over the past 3-months and 739.5k shares per day over the past 10 days. A total of 157.17M shares are outstanding, with a floating share count of 78.24M. Insiders hold about 50.22% of the company’s shares, while institutions hold 39.19% stake in the company. Shares short for UDMY as of Feb 29, 2024 were 3.78M with a Short Ratio of 4.93, compared to 3.7M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.39% and a Short% of Float of 3.93%.
Earnings Estimates
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.04, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0, with high estimates of $0.02 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.12 and -$0.08 for the fiscal current year, implying an average EPS of $0.02. EPS for the following year is $0.22, with 11 analysts recommending between $0.36 and $0.07.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $194.89M. It ranges from a high estimate of $196.02M to a low estimate of $194M. As of the current estimate, Udemy Inc’s year-ago sales were $176.43M, an estimated increase of 10.50% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $195.78M, an increase of 13.10% over than the figure of $10.50% in the same quarter last year. There is a high estimate of $198M for the next quarter, whereas the lowest estimate is $193.59M.
A total of 13 analysts have provided revenue estimates for UDMY’s current fiscal year. The highest revenue estimate was $807.4M, while the lowest revenue estimate was $793.7M, resulting in an average revenue estimate of $802.54M. In the same quarter a year ago, actual revenue was $728.94M, up 10.10% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $915.19M in the next fiscal year. The high estimate is $945.2M and the low estimate is $852.87M. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.
