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

Coursera (NYSE:COUR)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $18.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 139.84% from the stock’s current price.

A number of other brokerages have also issued reports on COUR. KeyCorp cut their price objective on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of Coursera in a report on Friday, May 17th. Truist Financial cut their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. The Goldman Sachs Group lowered their target price on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a research report on Wednesday, May 1st. Finally, Cantor Fitzgerald lowered their target price on Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.35.

Coursera Trading Up 3.2 %

Coursera stock opened at $7.51 on Monday. Coursera has a 12-month low of $6.35 and a 12-month high of $21.26. The firm has a 50 day moving average of $7.31 and a 200 day moving average of $12.29. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -10.88 and a beta of 1.44.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. During the same period last year, the firm posted ($0.24) EPS. The company’s revenue was up 14.6% on a year-over-year basis. On average, analysts predict that Coursera will post -0.45 EPS for the current year.

Insider Buying and Selling at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total transaction of $480,000.00. Following the transaction, the chief executive officer now owns 2,127,496 shares in the company, valued at approximately $20,423,961.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total value of $480,000.00. Following the sale, the chief executive officer now owns 2,127,496 shares in the company, valued at $20,423,961.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard J. Jacquet sold 16,273 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $9.40, for a total transaction of $152,966.20. Following the completion of the sale, the senior vice president now owns 249,456 shares in the company, valued at approximately $2,344,886.40. The disclosure for this sale can be found here. Insiders have sold 86,192 shares of company stock worth $797,237 over the last quarter. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its position in Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after buying an additional 3,860 shares during the period. Natixis acquired a new stake in Coursera during the first quarter valued at $35,000. Covestor Ltd grew its position in Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after buying an additional 1,846 shares during the period. Daiwa Securities Group Inc. grew its position in Coursera by 13.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after buying an additional 580 shares during the period. Finally, MQS Management LLC acquired a new stake in Coursera during the first quarter valued at $162,000. 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.