Coursera (NYSE:COUR) Posts Earnings Results, Beats Expectations By $0.08 EPS

Coursera (NYSE:COUR) posted its quarterly earnings data on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.08, Briefing.com reports. Coursera had a negative return on equity of 13.77% and a negative net margin of 14.35%. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same quarter last year, the company earned ($0.20) earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Coursera updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Coursera Trading Up 44.7 %

Shares of COUR traded up $3.31 during trading hours on Friday, reaching $10.72. 24,935,554 shares of the company traded hands, compared to its average volume of 2,341,494. Coursera has a 12 month low of $6.35 and a 12 month high of $21.26. The company’s fifty day moving average price is $7.29 and its two-hundred day moving average price is $12.16.

Analyst Ratings Changes

COUR has been the subject of a number of research analyst reports. Truist Financial dropped 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. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, July 22nd. KeyCorp decreased their target price on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, Morgan Stanley cut their price target on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.10.

Insiders Place Their Bets

In related news, Director Andrew Y. Ng sold 3,981 shares of Coursera stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $8.56, for a total transaction of $34,077.36. Following the sale, the director now directly owns 7,033,074 shares in the company, valued at $60,203,113.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Andrew Y. Ng sold 3,981 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $8.56, for a total transaction of $34,077.36. Following the sale, the director now owns 7,033,074 shares of the company’s stock, valued at $60,203,113.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amanda Clark sold 8,093 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the completion of the sale, the director now owns 76,266 shares in the company, valued at approximately $588,773.52. The disclosure for this sale can be found here. Insiders sold 86,192 shares of company stock worth $797,237 over the last three months. Company insiders own 16.30% of the company’s stock.

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.