Coursera (NYSE:COUR) Rating Reiterated by Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a report released on Monday, Benzinga reports. They currently have a $18.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 136.38% from the stock’s current price.

Several other equities research analysts have also weighed in on COUR. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group lowered their price objective on Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research note on Friday, July 26th. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Coursera in a research report on Friday, July 26th. Bank of America assumed coverage on Coursera in a research report on Thursday, September 19th. They set a “buy” rating and a $11.00 price target on the stock. Finally, KeyCorp decreased their price target on Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.73.

Coursera Price Performance

Coursera stock opened at $7.62 on Monday. The business has a 50 day moving average price of $7.86 and a two-hundred day moving average price of $8.40. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -11.04 and a beta of 1.42. Coursera has a 12 month low of $6.35 and a 12 month high of $21.26.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Aspiriant LLC acquired a new stake in Coursera during the 3rd quarter worth $333,000. nVerses Capital LLC raised its stake in Coursera by 77.0% during the 3rd quarter. nVerses Capital LLC now owns 15,400 shares of the company’s stock worth $122,000 after buying an additional 6,700 shares during the period. Creative Planning raised its stake in Coursera by 174.6% during the 3rd quarter. Creative Planning now owns 81,092 shares of the company’s stock worth $644,000 after buying an additional 51,564 shares during the period. Inspire Investing LLC acquired a new stake in Coursera during the 3rd quarter worth $413,000. Finally, CWM LLC raised its stake in Coursera by 82.3% during the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after buying an additional 3,217 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.