Financial Analysts Archives - Page 12 of 75

February 27, 2023

Transamerica Financial Advisors Inc. Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Transamerica Financial Advisors Inc. lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 9.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,121 shares of the company’s stock after selling 917 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Kimberly-Clark were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

→ Banking Nightmare (From Weiss Ratings)

Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in shares of Kimberly-Clark by 97.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Los Angeles Capital Management LLC now owns 3,707 shares of the company’s stock worth $417,000 after purchasing an additional 1,826 shares during the last quarter. LVM Capital Management Ltd. MI grew its position in Kimberly-Clark by 7.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. LVM Capital Management Ltd. MI now owns 2,259 shares of the company’s stock valued at $254,000 after buying an additional 160 shares during the period. CBOE Vest Financial LLC grew its position in Kimberly-Clark by 0.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. CBOE Vest Financial LLC now owns 68,578 shares of the company’s stock valued at $7,718,000 after buying an additional 440 shares during the period. Stock Yards Bank & Trust Co. grew its position in Kimberly-Clark by 94.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Stock Yards Bank & Trust Co. now owns 14,094 shares of the company’s stock valued at $1,905,000 after buying an additional 6,860 shares during the period. Finally, Hancock Whitney Corp grew its position in Kimberly-Clark by 2.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Hancock Whitney Corp now owns 6,472 shares of the company’s stock valued at $875,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 74.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on KMB. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kimberly-Clark from $124.00 to $122.00 in a research report on Thursday, January 26th. UBS Group lifted their target price on shares of Kimberly-Clark from $129.00 to $136.00 and gave the company a “neutral” rating in a research report on Monday, January 23rd. Jefferies Financial Group lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and lifted their target price for the company from $137.00 to $139.00 in a research report on Wednesday, January 4th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Wednesday, February 8th. Finally, Barclays dropped their target price on shares of Kimberly-Clark from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Friday, January 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $128.00.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $127.22 on Friday. The company has a debt-to-equity ratio of 10.83, a current ratio of 0.78 and a quick ratio of 0.47. The firm’s 50-day moving average is $133.07 and its two-hundred day moving average is $128.66. Kimberly-Clark Co. has a 12 month low of $108.74 and a 12 month high of $144.53. The company has a market capitalization of $42.94 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB – Get Rating) last issued its earnings results on Wednesday, January 25th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 9.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 264.67{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Kimberly-Clark’s quarterly revenue was up .0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Analysts predict that Kimberly-Clark Co. will post 5.92 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.71{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.16. The ex-dividend date is Thursday, March 9th. Kimberly-Clark’s payout ratio is 81.12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Kimberly-Clark Company Profile

(Get Rating)

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

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.

Before you consider Kimberly-Clark, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Kimberly-Clark wasn’t on the list.

While Kimberly-Clark currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

February 26, 2023

Box to Host Financial Analyst Day

REDWOOD Metropolis, Calif., February 24, 2023–(Business WIRE)–Box, Inc. (NYSE:BOX), the top Articles Cloud, right now introduced that it will host its FY24 Economical Analyst Working day on Tuesday, March 14, 2023.

Customers of Box’s government administration staff will host a presentation followed by Q&A beginning at 2:00 p.m. ET. The in-man or woman occasion will be held in Midtown Manhattan. Institutional Buyers and Money Analysts could register for the in-person party by emailing IR@box.com. To show up at virtually, you should pre-sign up here.

A live online video webcast of the celebration will be available at www.box.com/buyers. An archive of the webcast will be offered for replay commencing approximately just one hour after the dwell function for a period of 3 hundred sixty-5 (365) times.

About Box

Box (NYSE:BOX) is the main Articles Cloud, a solitary platform that empowers corporations to regulate the total written content lifecycle, get the job done securely from anyplace, and combine across finest-of-breed applications. Started in 2005, Box simplifies operate for major world-wide organizations, such as AstraZeneca, JLL, Morgan Stanley, and Nationwide. Box is headquartered in Redwood Metropolis, CA, with offices throughout the United States, Europe, and Asia. Go to http://www.box.com to discover far more. And take a look at box.org to discover more about how Box empowers nonprofits to satisfy their missions.

Secure Harbor for Forward-Seeking Statements

For the duration of the training course of this occasion, Box will make forward-seeking statements about future situations or the upcoming economical effectiveness of the company. Statements such as phrases these kinds of as “anticipate,” “consider,” “estimate,” or “assume” and statements in the foreseeable future tense are forward-searching statements. These forward-looking statements are subject matter to threats and uncertainties that could trigger real activities or true future benefits to differ materially from those people established forth in the forward-hunting statements. Make sure you refer to Box’s most current Quarterly Report on Kind 10-Q for the fiscal quarter ended October 31, 2022 for a discussion of critical variables that could result in real gatherings or actual benefits to differ materially from all those mentioned through this occasion. These ahead-wanting statements communicate only as of the date of the celebration Box assumes no obligation, and does not essentially intend, to update these ahead-looking statements.

Look at source edition on businesswire.com: https://www.businesswire.com/news/house/20230224005070/en/

Contacts

Traders:
Cynthia Hiponia / Elaine Gaudioso
+1 650-209-3463
ir@box.com

Media:
Rachel Levine
press@box.com

February 24, 2023

5 Professional Organizations for Financial Advisors

Signing up for a single or more specialist corporations can be a good transfer for any advisor who’s intrigued in scaling. Fiscal advisor specialist businesses normally present possibilities for networking, enhancing your schooling and constructing a sense of local community. If you might be seeking for a way to hook up with other advisors or remain in tune with market developments, it is really handy to know which companies are worthwhile.

If you are on the lookout to improve your economical advisory business, check out out SmartAsset’s SmartAdvisor platform.

Is Joining Fiscal Advisor Experienced Corporations a Prerequisite?

Turning out to be a member of a professional business for fiscal advisors is not a necessity for accomplishing business enterprise. There are, however, some added benefits to becoming a member of just one or much more skilled associations or businesses.

Networking

You have most likely read that it is really who you know, not what you know, that matters in business. And that is correct to a degree. Networking can be instrumental in driving new small business and discovering options for growth.

Specialist associations can make it much easier to network on the internet by means of forums or digital communities. They can also be handy offline by in-individual conferences, workshops or meet-ups.

Education

Economical advisor professional corporations could supply a likelihood to raise your awareness or expertise in a unique area via workshops, webinars or exclusive schooling. They might also make it less difficult for advisors to keep rate with the most recent information or traits as a result of e mail newsletters, site posts or podcasts.

Credibility

Building trust can be necessary to your accomplishment as an advisor. And it really is significant to build by yourself as a trustworthy source for advice. Belonging to 1 or far more expert corporations for monetary advisors can make you show up more credible and trustworthy in the eyes of present customers and future shoppers alike.

Leading 5 Money Advisor Expert Corporations

1. The Countrywide Association of Own Economical Advisors (NAPFA)

The National Association of Individual Fiscal Advisors was established in 1983. And it is the leading affiliation for fee-only money advisors in the U.S. The organization’s mission revolves close to 3 central values and users are anticipated to be:

Beacons for unbiased, objective money information
Champions of economical expert services shipped in the general public curiosity
Normal bearers for the money organizing job

Membership is open up to students, teachers, and people who are in search of employment with a fiscal planning organization and actively practicing rate-only economic industry experts.

2. The Monetary Scheduling Association

The Economical Setting up Association is a leading membership association for licensed economical planners (CFP). Aside from CFPs, membership is open up to 4 other various groups, like:

Allied professionals who operate in the fiscal scheduling or fiscal providers field
Aspiring accredited financial planners
Teachers
Retired licensed economic planners

In conditions of added benefits, associates love access to the FPA occupation board and the FPA marketplace, the place they can buy solutions and solutions required to run their business at a price reduction. Users can also choose benefit of insurance policies programs to defend their corporations and staff members and get help providers.

3. Countrywide Association of Insurance plan and Economic Advisors (NAIFA)

The National Association of Coverage and Monetary Advisors is dedicated to advocating for a optimistic legislative and regulatory setting in the financial solutions market. The business features services to support users enhance their business enterprise and experienced skills when upholding the greatest moral benchmarks in their practice.

Men and women can be part of NAIFA as an affiliate or a producer. Producers also have the capability to keep management roles in NAIFA when associate associates do not. Membership advantages consist of specialized schooling, education and learning systems and events which are all built to assist fiscal experts further the organization’s mission.

NAIFA associates can take an active position in the business by volunteering to serve on committees or taking part in management enhancement education.

4. Society of Financial Support Industry experts

The Society of Economic Company Industry experts provides collectively economical gurus from distinctive backgrounds to offer possibilities for networking and expanding their training. Membership in the modern society is open to specialists who hold designations like CFPs, chartered monetary analysts (CFAs), certified public accountants (CFAs) and more.

Associates can delight in distinctive reductions and access to educational assets. The most important emphasize, nonetheless, is the probability to community with other fiscal gurus across distinctive disciplines.

5. The Licensed Economical Planner Board of Specifications

The CFP Board sets the expectations for and administers the licensed economic planner test. It is vital to know this is just not a membership business. But it truly is however value mentioning as just one of the very best resources for monetary advisors.

When you get paid your CFP certification, you can gain entry to various sources that can aid you on your job route. For case in point, you can get entry to sector news and updates, guidelines on advertising and marketing your advisory business and review task opportunities on the CFP work board.

The Base Line

Becoming a member of financial advisor qualified organizations could assistance you to broaden your horizons. This is primarily legitimate f you’re ready to make new connections, gain new awareness or go after unique career alternatives. Comparing the added benefits each and every firm delivers can enable you slim down which kinds you may take into consideration joining.

Recommendations for Rising Your Organization

Use your time and methods wisely. If you might be restricted as to how considerably time and money you can commit in things like advertising your company, contemplate how you can do it more expense-properly. For occasion, you could profit most by focusing on your marketing and advertising devote to endeavours that are likely to deliver the greatest return on expense, this sort of as those that can connect you with potential customers instantly, so you can aim on growing your organization in other approaches. Get started now.
Raise your digital footprint. Folks who need to have economic guidance are ever more wanting for it online. If you have not searched for oneself, just take time to do so and see what comes up. Contemplate how you can improve your branding. And make you additional visible in lookup to aid travel much more traffic your way.
Outsource your marketing. If you might be not capable to dedicate major quantities of time to marketing or attracting new clients, outsourcing may perhaps be the response. Working with an on the internet guide technology support like SmartAsset can enable you scale your organization immediately when leaving you no cost to do what you do greatest: guide clientele.

Photograph credit history: ©iStock.com/LaylaBird, ©iStock.com/primipil, ©iStock.com/pixelfit

The publish 5 Expert Corporations for Economic Advisors appeared first on SmartAsset Blog.

The sights and viewpoints expressed herein are the views and thoughts of the author and do not essentially mirror those of Nasdaq, Inc.

February 23, 2023

CommonWealth Magazine

THE CEO of Avangrid explained to economical analysts on Wednesday that his organization requirements value reduction on two of the most important renewable projects in New England – a major wind farm off the coast of Nantucket and a transmission line carrying hydroelectricity into the region from Quebec.

In his remarks, Pedro Azagra also voiced guidance for creating some variety of selling price flexibility into long run offshore wind procurements so selling prices can be tweaked to accommodate modifying economic situations.

“You’ve found some index concerns in other states in conditions of offshore enhancement,” he mentioned. “That has to be taken into account. It is vital in the auctions – the course of action requires so prolonged that a great deal of items can take place in the center and there need to be some adjustments.”

Massachusetts officers may be considering the exact same point. The Section of Electricity Resources is seeking remark for the future offshore wind procurement and one particular issue it is inquiring is how best to “account for existing and long term fees of inflation and other source chain and economic pressures on the offshore wind business to both of those make certain undertaking viability and safeguard ratepayers.”

Avangrid is a big player in the state’s and the region’s endeavours to displace fossil fuels with renewable electricity. The organization is at present creating Winery Wind, an 806-megawatt wind farm that is expected to start generating electrical power by the stop of this yr.

The corporation is also making a 2,036-megawatt wind farm with the energy output to be split concerning ratepayers in Massachusetts and Connecticut. The Massachusetts part of the task is referred to as Commonwealth Wind and the Connecticut part is termed Park Town Wind.

Avangrid currently has power purchase agreements in location with Connecticut and Massachusetts utilities, but it is hoping to scrap those contracts due to the fact it no lengthier believes the pricing is suitable to finance the tasks.

In Massachusetts, Avangrid would like to scrap the present deal and bid once again in the subsequent procurement later this year. It has submitted a lawsuit to overturn a December 30 final decision by the Section of Public Utilities approving the deal, and is also chatting with state officers about solutions that would not include a courtroom combat.

“Let me be clear. When we are terminating our PPAs with Commonwealth Wind, we stay entirely dedicated to our offshore small business. This is not a issue of determination or capabilities, but rather a exceptional economic condition,” Azagra informed the economical analysts.

“Unfortunately, the impact of historic inflation, sharp fascination level boosts, source chain bottlenecks, and existence of a price tag cap prevent us from transferring Commonwealth Wind forward below feasible financial problems,” he said.

Maria Hardiman, a spokeswoman for Gov. Maura Healey’s Govt Business office of Electrical power and Environmental Affairs, indicated the administration is interested in acquiring a alternative.

“The Healey-Driscoll Administration is urgently operating to assure an very affordable thoroughly clean electricity changeover for our inhabitants and assistance our growing offshore wind market,” she claimed in a statement.

Azagra claimed Vineyard Wind was not similarly impacted by the modern economic downturn since labor prices on that task are mounted or capped and development supplies are currently purchased.

Azagra also stated the company may be pursuing rate relief on its transmission line to Quebec. That task stalled following voters handed a legislation that would have blocked it, but sections of that legislation were subsequently considered unconstitutional by Maine’s optimum court. The company has scored many other authorized and regulatory wins lately on the job, but it even now has other hurdles to get over.

“We have legal issues ahead of us and we require to finalize them,” Azagra claimed.

But the CEO also mentioned the firm needs to evaluate the economics of the task. He claimed the company is closely scrutinizing expenditures going forward and also seeking to improve revenues from the job.

“It’s both things,” he mentioned. “There is a transform in law and individuals supplemental expenses – lawfully, we believe we are entitled to them.”

He appeared to show that the pricing of electric power from the project, which is staying financed by Massachusetts ratepayers, could rise for the reason that of the delays in Maine. Business officers explained they couldn’t provide any clarification on his remarks.

The major concentrate of the Avangrid presentation to monetary analysts was on the company’s funds. Topline numbers have been solid, with net profits rising from $707 million in 2021 to $881 million in 2022, an maximize of 25 percent.

February 22, 2023

Are financial advisors recession-proof?

About the past calendar year, advisors may have “recession-proofed” their clients’ portfolios.

For fantastic explanation: Based on whom you ask, the marketplaces could previously have priced in a recession. About two-thirds of economists consider a person is coming in 2023, in accordance to a World Economic Discussion board survey. And regardless of a rosy new work opportunities report, the Federal Reserve initiatives unemployment will inch up this yr, to 4.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Whilst which is small by historic criteria, it however suggests more than 8 million looming task losses.

If the forecast bears out, some of those position losses will include things like advisors’ consumers, who from their operate with a professional should at least have an emergency plan and a portfolio attuned to their chance tolerance. But the place does that go away advisors them selves?

Previous AS PROLOGUE

If historical past is any tutorial, there is fantastic news.

Fiscal advisors ended up amid the most economic downturn-evidence occupations all through the Wonderful Economic downturn, in accordance to an InvestmentNews Investigation investigation of Bureau of Labor Figures facts. The assessment focused on significant-earning professions where by employing was not countercyclical (i.e., showing non permanent development developing only for the duration of the recession). From 2007 to 2010, the peak decades of in general career reduction, the advisory career attained about 23,000 people today, earning it the fifth most secure career in the examination.

Though lots of of the most secure positions through the previous extended recession were concentrated in popular fields like health and fitness treatment and engineering, economical assistance was a refuge within its sector. Advisor employment rose 17.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through the peak occupation reduction years even amid a 9.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} drop in full finance and insurance sector employment. Occupations like mortgage officers, accountants and credit history analysts have been among the the toughest hit all round.

Section of the increase in advisor employment in this interval could reflect the prevalence of career-changers in the industry. The knowledge are constrained on this, but work losses in other financial occupations could have led people gurus to pivot into the rising subject of information. Yet that nevertheless doesn’t demonstrate why the industry for suggestions supported these kinds of an inflow of specialists during a down period.

Academics Yuanshan Cheng, Charlene M. Kalenkoski and Philip Gibson later examined the Fantastic Recession’s impression on the choosing and firing of advisors in the Journal of Fiscal Counseling and Planning, hypothesizing consumers would be pushed to and from advisors principally by reduction of prosperity or profits.

Rather, they observed that whilst an enhance in earnings experienced a major effects on no matter if people employed advisors, losses did not significantly raise the chance of an existing consumer firing their advisor. Demographics like instruction, which they used as a proxy for an knowing of the sector, ended up much more vital.

“Our results demonstrate that clients do not fireplace their economical advisor due to the fact they working experience a decrease in net truly worth in the course of recessionary intervals,” they wrote, but “demographics and psychological attributes of consumers have a greater affect on the advisor-client relationship.”

In other words and phrases, advisors can see upside from the portions of the financial system continue to doing properly through a recession, without having as considerably downside from present-day shoppers faring worse. Far more latest study lends the plan credence: In a buyer survey executed past 12 months by InvestmentNews, only 17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of respondents doing the job with an advisor explained they would be pretty most likely to fireplace them over a decrease in their portfolio.

Of system, each individual downturn is unique. Scenario in point: This analysis overlooked the center of 2020, which even with conference the technical definition of a recession features tiny in conditions of precedent. Even a recession that looked much more like 2009 would be formed by new variables.

Query OF AUTOMATION

For advisors, maybe the major variable is the 15 a long time of market technology that has arrived since.

However there is small explanation to imagine the field has the know-how on hand to noticeably minimize the need to have for human advisors limited expression. Surveys of technology final decision-makers at firms have proven shelling out growing year just after yr, but largely on consumer acquisition instruments like CRMs, digital onboarding plans and marketing software program.

For all the know-how bringing in new consumers, it’s not clear the economics of serving them have improved substantially. From 2018 to 2021 (the newest 12 months obtainable), the InvestmentNews Advisor Benchmarking Study tracked a 51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} enhance in normal firm spending on engineering. Over the exact same time period, the typical amount of clientele served by advisors fell to 73 from 74. Client associations grew extra rewarding, and tech likely performed a purpose, but it did not change the human ability demanded to serve clients.

That is not to say evolving developments like the increase of Diy investing or emerging engineering like synthetic intelligence won’t pose for a longer time-phrase threats to the job. But they are possible a for a longer period way off than the future recession.

So advisors can almost certainly go on to assuage their clients’ economic downturn fears without perspiring their own careers much too substantially. Continue to, a small recession-proofing hardly ever hurts.

[More: Most recession-proof jobs]

[More: Least recession-proof jobs]

February 21, 2023

Jefferies Financial Group Analysts Lower Earnings Estimates for Udemy, Inc. (NASDAQ:UDMY)

→ Man Who Predicted 2008 Crash Warns of Shocking Event in 2023 (From Porter & Company)

Udemy, Inc. (NASDAQ:UDMY – Get Rating) – Stock analysts at Jefferies Financial Group reduced their Q1 2023 earnings per share (EPS) estimates for shares of Udemy in a report issued on Wednesday, February 15th. Jefferies Financial Group analyst B. Thill now forecasts that the company will earn ($0.22) per share for the quarter, down from their prior forecast of ($0.15). The consensus estimate for Udemy’s current full-year earnings is ($0.60) per share. Jefferies Financial Group also issued estimates for Udemy’s Q2 2023 earnings at ($0.16) EPS, Q3 2023 earnings at ($0.13) EPS, Q4 2023 earnings at ($0.08) EPS, FY2023 earnings at ($0.59) EPS and FY2024 earnings at ($0.36) EPS.

A number of other analysts also recently commented on UDMY. Robert W. Baird decreased their price target on Udemy from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, February 15th. Needham & Company LLC reduced their price target on Udemy from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, February 15th. KeyCorp reduced their target price on Udemy from $19.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, February 15th. Cantor Fitzgerald lowered their price objective on Udemy from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 15th. Finally, Morgan Stanley lowered their price target on Udemy from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.80.

Udemy Price Performance

NASDAQ UDMY opened at $10.65 on Monday. The business has a 50 day simple moving average of $11.42 and a 200 day simple moving average of $13.30. The stock has a market capitalization of $1.51 billion, a P/E ratio of -9.86 and a beta of 1.74. Udemy has a one year low of $9.47 and a one year high of $17.26.

Institutional Trading of Udemy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in Udemy in the 3rd quarter valued at about $32,000. Daiwa Securities Group Inc. increased its position in shares of Udemy by 70.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,900 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares during the last quarter. Point72 Hong Kong Ltd increased its position in shares of Udemy by 141.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,184 shares of the company’s stock valued at $38,000 after purchasing an additional 1,868 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Udemy in the 1st quarter valued at $46,000. Finally, Quantbot Technologies LP purchased a new position in shares of Udemy in the 2nd quarter valued at $58,000. Hedge funds and other institutional investors own 73.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Insider Transactions at Udemy

In other news, insider Gregory Scott Brown sold 317,740 shares of Udemy stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $10.67, for a total transaction of $3,390,285.80. Following the completion of the sale, the insider now directly owns 965,262 shares in the company, valued at $10,299,345.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Udemy news, insider Gregory Scott Brown sold 317,740 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $10.67, for a total value of $3,390,285.80. Following the completion of the transaction, the insider now owns 965,262 shares in the company, valued at $10,299,345.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sarah Blanchard sold 203,110 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $12.13, for a total transaction of $2,463,724.30. Following the completion of the transaction, the chief financial officer now owns 1,091,709 shares of the company’s stock, valued at approximately $13,242,430.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 635,688 shares of company stock worth $7,209,599. Company insiders own 39.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

About Udemy

(Get Rating)

Udemy, Inc operates a marketplace platform for teaching and learning skills in the United States and internationally. The company offers technical and business skills, and personal development courses for individual learners and enterprise customers. Its platform provides 49 million learners with access to approximately 180,000 courses through direct-to-consumer or Udemy Business offerings in approximately 75 languages.

Category: Financial Analysts

Transamerica Financial Advisors Inc. Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Analyst Upgrades and Downgrades

Kimberly-Clark Price Performance

Kimberly-Clark Increases Dividend

Kimberly-Clark Company Profile

Read More

Box to Host Financial Analyst Day

5 Professional Organizations for Financial Advisors

CommonWealth Magazine

Are financial advisors recession-proof?

Previous AS PROLOGUE

Query OF AUTOMATION

Analyst Upgrades and Downgrades

Kimberly-Clark Price Performance

Kimberly-Clark Increases Dividend

Kimberly-Clark Company Profile

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Previous AS PROLOGUE

Query OF AUTOMATION

Udemy Price Performance

Institutional Trading of Udemy

Insider Transactions at Udemy

About Udemy

Further Reading