Coursera, Inc. (NYSE:COUR) Receives $15.10 Average Price Target from Brokerages

Coursera, Inc. (NYSE:COUR) has received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $15.10.

A number of brokerages have weighed in on COUR. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a report on Friday, July 26th. BMO Capital Markets raised their price objective on Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 target price on shares of Coursera in a report on Monday, July 22nd. KeyCorp reduced their price target on Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, The Goldman Sachs Group dropped their price target on shares of Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research note on Friday, July 26th.

Coursera Stock Performance

Shares of NYSE:COUR opened at $7.30 on Monday. The firm has a market capitalization of $1.14 billion, a P/E ratio of -10.58 and a beta of 1.42. The stock has a 50 day moving average price of $7.89 and a 200-day moving average price of $9.93. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $170.30 million during the quarter, compared to analyst estimates 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 last year, the firm posted ($0.20) earnings per share. On average, equities analysts forecast that Coursera will post -0.44 EPS for the current fiscal year.

Insider Activity

In related news, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were 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 in the company, valued at $1,715,479.18. The sale 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 25,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the transaction, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alan B. Cardenas sold 6,285 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The disclosure for this sale can be found here. Insiders have sold a total of 32,847 shares of company stock valued at $274,832 in the last 90 days. 16.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coursera

A number of institutional investors have recently bought and sold shares of COUR. Vanguard Group Inc. lifted its position in shares of Coursera by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock valued at $159,909,000 after buying an additional 254,108 shares in the last quarter. Eventide Asset Management LLC lifted its holdings in Coursera by 6.6% during the fourth quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock valued at $76,275,000 after purchasing an additional 243,894 shares in the last quarter. Millennium Management LLC increased its stake in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after buying an additional 1,123,397 shares in the last quarter. Norges Bank bought a new stake in Coursera during the fourth quarter valued at about $52,804,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Coursera by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock valued at $19,007,000 after acquiring an additional 15,694 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

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.