Coursera (NYSE:COUR) Upgraded by Cantor Fitzgerald to Strong-Buy

Cantor Fitzgerald upgraded shares of Coursera (NYSE:COURFree Report) to a strong-buy rating in a research report released on Tuesday, Zacks.com reports.

COUR has been the topic of several other reports. Truist Financial decreased their price target on Coursera from $20.00 to $12.00 and set a hold rating on the stock in a research report on Tuesday, April 30th. 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. Telsey Advisory Group reissued an outperform rating and set a $18.00 price objective on shares of Coursera in a report on Monday, July 22nd. Royal Bank of Canada reissued an outperform rating and set a $18.00 price objective on shares of Coursera in a report on Friday, July 26th. Finally, KeyCorp cut their price objective on Coursera from $14.00 to $12.00 and set an overweight rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coursera currently has an average rating of Moderate Buy and an average target price of $15.10.

Get Our Latest Analysis on COUR

Coursera Stock Performance

Shares of Coursera stock opened at $8.40 on Tuesday. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26. The stock’s 50-day simple moving average is $7.48 and its 200 day simple moving average is $11.13. The stock has a market capitalization of $1.31 billion, a P/E ratio of -12.17 and a beta of 1.44.

Coursera (NYSE:COURGet Free Report) last announced 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 13.77% and a negative net margin of 14.35%. The firm had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $164.67 million. During the same period in the prior year, the business posted ($0.20) earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. Equities research analysts forecast that Coursera will post -0.44 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in COUR. Algert Global LLC raised its stake in shares of Coursera by 22.9% in the second quarter. Algert Global LLC now owns 404,114 shares of the company’s stock worth $2,893,000 after purchasing an additional 75,299 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Coursera during the second quarter worth about $421,000. The Manufacturers Life Insurance Company grew its holdings in Coursera by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after purchasing an additional 1,276 shares during the period. Millennium Management LLC grew its holdings in Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after purchasing an additional 1,123,397 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Coursera by 20.3% in the second quarter. AQR Capital Management LLC now owns 174,976 shares of the company’s stock valued at $1,253,000 after purchasing an additional 29,528 shares during the period. Institutional investors own 89.55% of the company’s stock.

Coursera Company Profile

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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.

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Analyst Recommendations for Coursera (NYSE:COUR)

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