Coursera, Inc. (NYSE:COUR) Receives $9.31 Consensus Target Price from Brokerages

Coursera, Inc. (NYSE:COUR) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $9.31.

A number of brokerages have issued reports on COUR. UBS Group increased their price objective on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $12.00 price objective on shares of Coursera in a report on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Coursera in a report on Friday, April 25th.

Coursera Stock Down 0.1%

Shares of NYSE:COUR opened at $8.95 on Friday. The firm’s 50 day moving average price is $7.36 and its 200-day moving average price is $7.83. Coursera has a twelve month low of $5.76 and a twelve month high of $11.74. The stock has a market capitalization of $1.44 billion, a PE ratio of -17.21 and a beta of 1.38.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The business had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Analysts expect that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 16.80% of the company’s stock.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. bought a new position in Coursera in the third quarter worth about $1,651,000. Jump Financial LLC raised its holdings in Coursera by 582.9% in the fourth quarter. Jump Financial LLC now owns 213,753 shares of the company’s stock worth $1,817,000 after purchasing an additional 182,453 shares in the last quarter. Penn Capital Management Company LLC bought a new position in Coursera in the fourth quarter worth about $635,000. Sei Investments Co. raised its holdings in Coursera by 340.9% in the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company’s stock worth $2,322,000 after purchasing an additional 211,191 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Coursera in the fourth quarter worth about $35,000. 89.55% of the stock is currently owned by 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.