Telsey Advisory Group Reaffirms “Outperform” Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They currently have a $14.00 price target on the stock. Telsey Advisory Group’s price target points to a potential upside of 78.69% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. UBS Group increased their target price on shares of Coursera from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price for the company in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of Coursera in a report on Wednesday, November 26th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.64.

Coursera Price Performance

Shares of Coursera stock traded down $0.11 during trading hours on Wednesday, reaching $7.84. The company’s stock had a trading volume of 15,569,733 shares, compared to its average volume of 2,445,851. The firm has a 50 day moving average price of $8.75 and a 200-day moving average price of $9.76. The stock has a market cap of $1.30 billion, a P/E ratio of -27.02 and a beta of 1.37. Coursera has a one year low of $5.76 and a one year high of $13.56.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The firm had revenue of $194.20 million during the quarter, compared to the consensus estimate of $190.33 million. During the same quarter last year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Coursera will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coursera news, CAO Michele M. Meyers sold 3,500 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $10.27, for a total transaction of $35,945.00. Following the sale, the chief accounting officer owned 234,295 shares of the company’s stock, valued at approximately $2,406,209.65. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.80% of the stock is currently owned by company insiders.

Institutional Trading of Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP increased its holdings in shares of Coursera by 1,848.6% in the first quarter. Quarry LP now owns 4,131 shares of the company’s stock valued at $28,000 after purchasing an additional 3,919 shares during the period. Nisa Investment Advisors LLC boosted its position in Coursera by 102.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after buying an additional 1,852 shares during the last quarter. State of Wyoming boosted its position in Coursera by 85.9% in the first quarter. State of Wyoming now owns 7,227 shares of the company’s stock valued at $48,000 after buying an additional 3,340 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Coursera by 163.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after buying an additional 4,550 shares during the period. Finally, Pale Fire Capital SE purchased a new position in Coursera during the 1st quarter worth approximately $67,000. Hedge funds and other institutional investors own 89.55% 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.