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Tuesday, June 6, 2023

Is Udemy Inc. (NASDAQ: UDMY) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Udemy Inc. (UDMY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.88%, to $9.01. The Udemy Inc. has recorded 13,174 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted ChatGPT is the Most In-Demand Workplace Skill in Q1 2023.

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Stocks Info

This NASDAQ-listed company operates within the Education & Training Services industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $9.09 and fluctuated between $9.36 as its day high and $8.71 as its day low. The current market capitalization of Udemy Inc. is $1.27B. A total of 0.8 million shares were traded on the day, compared to an average of 498.48K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, UDMY has seen 6 BUY and 14 SELL insider trades, representing the acquisition of 770,833 and the disposition of 139,961 shares. Over the last 12 months, there were 34 BUYs and 38 SELLs from insiders. Insiders purchased 4,410,442 shares during that period but sold 4,316,453.

In the most recent transaction, Bali Eren sold 2,638 shares of UDMY for 9.04 per share on Apr 12. After the transaction, the Director now owns 1,811,648 company shares. In a previous transaction on Apr 11, Bali Eren sold 10,462 shares at 9.00 per share. UDMY shares that Director owns now total 1,814,286.

Among the insiders who sold shares, Bali Eren disposed of 1,900 shares on Apr 03 at a per-share price of $9.00. This resulted in the Director holding 1,824,748 shares of UDMY after the transaction. In another insider transaction, Bali Eren sold 15,000 shares at $9.90 per share on Mar 06. Company shares held by the Director now total 1,826,648.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for UDMY in the last 3 months, the mean price target is $16.89 with high estimates of $32.00 and low estimates of $12.00. In terms of 52-week highs and lows, UDMY has a high of $17.26 and a low of $8.40.

As of this writing, UDMY has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.17. The company reported an EPS of -$0.15 in the last quarter, which was 11.80% higher than expectations of -$0.17.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. UDMY’s latest balance sheet shows that the firm has $533.87M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $2.37, while its Total Shareholder’s Equity was $392.20M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UDMY is Hold with a score of 4.20. A total of 8 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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