Brokers Set Expectations for Coursera, Inc.’s Q3 2024 Earnings (NYSE:COUR)

Coursera, Inc. (NYSE:COUR) – Equities research analysts at Telsey Advisory Group increased their Q3 2024 earnings per share estimates for shares of Coursera in a research note issued on Tuesday, April 30th. Telsey Advisory Group analyst S. Vora now anticipates that the company will post earnings of ($0.11) per share for the quarter, up from their prior forecast of ($0.12). Telsey Advisory Group has a “Outperform” rating and a $25.00 price target on the stock. The consensus estimate for Coursera’s current full-year earnings is ($0.47) per share. Telsey Advisory Group also issued estimates for Coursera’s Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.41) EPS and FY2025 earnings at ($0.25) EPS.

Coursera (NYSE:COUR) last released its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.24) earnings per share.

Several other brokerages have also recently weighed in on COUR. KeyCorp reduced their price objective on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. The Goldman Sachs Group decreased their price target on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a research note on Wednesday. BMO Capital Markets cut their price objective on Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday. William Blair reissued an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Finally, Truist Financial lowered their price target on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Coursera Price Performance

COUR opened at $9.61 on Friday. The company’s 50 day moving average price is $13.67 and its two-hundred day moving average price is $17.09. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -14.19 and a beta of 1.57. Coursera has a fifty-two week low of $9.46 and a fifty-two week high of $21.26.

Insider Activity

In related news, CFO Kenneth R. Hahn sold 25,000 shares of Coursera stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total value of $425,250.00. Following the sale, the chief financial officer now owns 532,715 shares of the company’s stock, valued at approximately $9,061,482.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total value of $842,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,524,525 shares in the company, valued at approximately $42,538,246.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth R. Hahn sold 25,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total transaction of $425,250.00. Following the sale, the chief financial officer now directly owns 532,715 shares in the company, valued at approximately $9,061,482.15. The disclosure for this sale can be found here. Insiders sold 578,932 shares of company stock valued at $8,548,314 in the last three months. Company insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Coursera by 5.7% during the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after acquiring an additional 570,177 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Coursera by 41.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock worth $1,414,000 after purchasing an additional 22,353 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Coursera in the third quarter worth $585,000. FMR LLC boosted its stake in Coursera by 4,271.1% during the third quarter. FMR LLC now owns 138,259 shares of the company’s stock valued at $2,584,000 after buying an additional 135,096 shares during the period. Finally, Principal Financial Group Inc. grew its position in Coursera by 1,167.6% during the third quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock worth $3,643,000 after buying an additional 179,537 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.