Coursera, Inc. (NYSE:COUR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.73.

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of Coursera in a research report on Friday, July 26th. KeyCorp dropped their price objective on Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research note on Monday, July 22nd. Cantor Fitzgerald raised shares of Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, BMO Capital Markets upped their price objective on shares of Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th.

Insiders Place Their Bets

In other news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction dated 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 $1,715,479.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,068 shares of company stock valued at $324,787. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Coursera by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock worth $42,927,000 after acquiring an additional 328,030 shares during the period. Principal Financial Group Inc. boosted its stake in Coursera by 45.6% in the 4th quarter. Principal Financial Group Inc. now owns 283,736 shares of the company’s stock worth $5,496,000 after purchasing an additional 88,822 shares during the period. Martin Currie Ltd. grew its holdings in Coursera by 59.5% during the 4th quarter. Martin Currie Ltd. now owns 18,055 shares of the company’s stock valued at $350,000 after buying an additional 6,735 shares in the last quarter. Premier Fund Managers Ltd bought a new stake in shares of Coursera during the fourth quarter valued at about $384,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Coursera in the fourth quarter worth about $305,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Stock Performance

Shares of NYSE:COUR opened at $7.62 on Friday. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26. The business’s 50 day simple moving average is $8.13 and its two-hundred day simple moving average is $9.01. The firm has a market cap of $1.19 billion, a P/E ratio of -11.04 and a beta of 1.42.

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

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.