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

Coursera, Inc. (NYSE:COUR) has received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $14.73.

A number of research analysts recently commented on COUR shares. BMO Capital Markets boosted their price objective on shares of Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group cut their price objective on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a report on Friday, July 26th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Coursera in a research report on Friday, July 26th. Bank of America assumed coverage on Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price target for the company. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a report on Monday.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the sale, the senior vice president now owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total value of $51,976.95. Following the sale, the senior vice president now owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew Y. Ng sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the sale, the director now owns 7,203,892 shares in the company, valued at $60,512,692.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock worth $324,787 over the last three months. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Large investors have recently bought and sold shares of the business. CWM LLC boosted its stake in Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after purchasing an additional 3,860 shares in the last quarter. Natixis bought a new position in shares of Coursera in the first quarter worth about $35,000. Covestor Ltd lifted its position in shares of Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation bought a new position in Coursera in the 2nd quarter worth approximately $73,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Stock Down 0.8 %

NYSE:COUR opened at $7.61 on Tuesday. Coursera has a 1-year low of $6.35 and a 1-year high of $21.26. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -11.03 and a beta of 1.42. The stock has a fifty day simple moving average of $7.86 and a 200 day simple moving average of $8.40.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The firm had revenue of $170.30 million for the quarter, compared to analyst estimates of $164.67 million. During the same period in the previous year, the firm earned ($0.20) earnings per share. Coursera’s quarterly revenue was up 10.8% on a year-over-year basis. Equities analysts predict that Coursera will post -0.44 earnings per share for the current year.

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.