Coursera (NYSE:COUR) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Coursera (NYSE:COUR) from a buy rating to a hold rating in a report released on Saturday morning.

Several other equities research analysts have also issued reports on COUR. UBS Group dropped their target price on shares of Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. JPMorgan Chase & Co. upgraded Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price target for the company in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada reduced their price target on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Coursera has a consensus rating of “Hold” and a consensus price target of $12.27.

Coursera Trading Down 2.8%

Shares of Coursera stock opened at $6.30 on Friday. Coursera has a 1-year low of $5.76 and a 1-year high of $13.56. The company has a market cap of $1.05 billion, a PE ratio of -21.72 and a beta of 1.37. The company has a 50 day moving average of $7.71 and a 200-day moving average of $9.53.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $190.33 million. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 10.3% on a year-over-year basis. Research analysts forecast that Coursera will post -0.28 earnings per share for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $8.17, for a total transaction of $65,997.26. Following the transaction, the senior vice president owned 237,828 shares in the company, valued at $1,943,054.76. The trade was a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Coursera by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after buying an additional 1,027 shares during the period. Teacher Retirement System of Texas grew its holdings in Coursera by 5.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company’s stock worth $182,000 after acquiring an additional 1,110 shares in the last quarter. Merit Financial Group LLC increased its position in Coursera by 9.2% during the 3rd quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock valued at $154,000 after purchasing an additional 1,112 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Coursera by 102.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after purchasing an additional 1,852 shares in the last quarter. Finally, Diversified Trust Co. lifted its position in shares of Coursera by 19.0% in the 4th quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock worth $130,000 after purchasing an additional 2,824 shares during the period. 89.55% of the stock is currently owned by institutional investors.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.