Coursera, Inc. (NYSE:COUR) Receives Average Rating of “Moderate Buy” from Analysts

Coursera, Inc. (NYSE:COUR) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.85.

COUR has been the subject of a number of recent research reports. BMO Capital Markets dropped their target price on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Coursera in a research note on Friday, May 17th. Truist Financial decreased their price objective on Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, April 30th. William Blair restated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group lowered their price objective on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a research report on Wednesday, May 1st.

Insider Buying and Selling

In other Coursera news, SVP Richard J. Jacquet sold 16,273 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $9.40, for a total value of $152,966.20. Following the completion of the sale, the senior vice president now owns 249,456 shares in the company, valued at $2,344,886.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Coursera news, SVP Richard J. Jacquet sold 16,273 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $9.40, for a total transaction of $152,966.20. Following the sale, the senior vice president now directly owns 249,456 shares of the company’s stock, valued at $2,344,886.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $14.43, for a total value of $41,558.40. Following the sale, the chief accounting officer now directly owns 243,039 shares in the company, valued at approximately $3,507,052.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 494,708 shares of company stock valued at $6,502,951. 16.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new position in shares of Coursera in the 3rd quarter worth approximately $246,000. Principal Financial Group Inc. increased 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 valued at $3,643,000 after acquiring an additional 179,537 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Coursera by 41.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock worth $1,414,000 after acquiring an additional 22,353 shares during the last quarter. Victory Capital Management Inc. raised its position in Coursera by 9.4% in the 3rd quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after purchasing an additional 1,029 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Coursera in the third quarter worth about $913,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Trading Down 2.0 %

COUR stock opened at $7.69 on Friday. The firm has a market capitalization of $1.20 billion, a P/E ratio of -11.14 and a beta of 1.57. Coursera has a 12 month low of $7.66 and a 12 month high of $21.26. The firm has a 50 day moving average of $11.56 and a 200-day moving average of $16.08.

Coursera (NYSE:COUR) last posted its quarterly earnings data 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. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The company had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. During the same period in the prior year, the business earned ($0.24) earnings per share. Coursera’s revenue for the quarter was up 14.6% compared to the same quarter last year. Sell-side analysts predict that Coursera will post -0.45 EPS for the current year.

About Coursera

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.