Coursera, Inc. (NYSE:COUR) Receives $10.62 Consensus PT from Brokerages

Shares of Coursera, Inc. (NYSE:COUR) have been assigned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.6154.

Several equities research analysts have issued reports on COUR shares. Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 target price on shares of Coursera in a research report on Friday, February 6th. BMO Capital Markets restated an “outperform” rating and set a $8.00 price objective on shares of Coursera in a research report on Friday, February 6th. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a report on Wednesday, December 17th. The Goldman Sachs Group cut their target price on shares of Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a research report on Saturday, February 7th. Finally, UBS Group reiterated a “neutral” rating and issued a $7.00 target price on shares of Coursera in a research report on Friday, February 6th.

Insider Activity

In other news, SVP Alan B. Cardenas sold 9,710 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total value of $57,483.20. Following the completion of the transaction, the senior vice president directly owned 217,876 shares in the company, valued at approximately $1,289,825.92. This represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

Large investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Coursera in the fourth quarter worth approximately $25,000. Nisa Investment Advisors LLC raised its stake in shares of Coursera by 102.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after acquiring an additional 1,852 shares in the last quarter. Quarry LP raised its stake in shares of Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after acquiring an additional 3,465 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Coursera by 224.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after acquiring an additional 3,415 shares during the last quarter. Finally, Clearstead Trust LLC purchased a new stake in shares of Coursera in the 4th quarter valued at $39,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Stock Up 3.1%

Shares of COUR stock traded up $0.19 on Friday, reaching $6.14. The company’s stock had a trading volume of 228,147 shares, compared to its average volume of 5,166,502. The company has a market capitalization of $1.04 billion, a P/E ratio of -19.79 and a beta of 1.35. The stock’s 50 day simple moving average is $6.34 and its 200-day simple moving average is $8.37. Coursera has a 12-month low of $5.47 and a 12-month high of $13.56.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Coursera had a negative return on equity of 5.17% and a negative net margin of 6.73%.The firm had revenue of $196.90 million during the quarter, compared to the consensus estimate of $191.83 million. During the same quarter last year, the company posted $0.08 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Research analysts expect that Coursera will post -0.28 EPS for the current year.

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.