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

Coursera, Inc. (NYSE:COUR) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $10.6154.

Several equities research analysts have issued reports on COUR shares. UBS Group reaffirmed a “neutral” rating and set a $7.00 price target on shares of Coursera in a research note 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 on the stock in a research note on Wednesday, December 17th. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Coursera in a research report on Friday, February 6th. The Goldman Sachs Group lowered their target price on shares of Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a research note on Saturday, February 7th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price target on shares of Coursera in a report on Friday, February 6th.

Coursera Stock Up 0.8%

NYSE COUR opened at $5.90 on Tuesday. Coursera has a fifty-two week low of $5.47 and a fifty-two week high of $13.56. The business has a fifty day moving average of $6.05 and a 200-day moving average of $7.81. The stock has a market cap of $998.76 million, a price-to-earnings ratio of -19.03 and a beta of 1.35.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.06 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 business had revenue of $196.90 million for the quarter, compared to analyst estimates of $191.83 million. During the same quarter last year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that Coursera will post -0.28 EPS for the current year.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 9,710 shares of Coursera stock in a transaction on 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 sale, the senior vice president owned 217,876 shares of the company’s stock, valued at $1,289,825.92. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Coursera

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Coursera by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,921,600 shares of the company’s stock valued at $163,022,000 after buying an additional 357,264 shares during the period. Norges Bank purchased a new position in shares of Coursera in the 2nd quarter worth $15,435,000. Squarepoint Ops LLC purchased a new position in shares of Coursera in the 2nd quarter worth $4,617,000. Quantedge Capital Pte Ltd acquired a new position in Coursera in the second quarter valued at $1,652,000. Finally, Cannell & Spears LLC acquired a new position in Coursera in the third quarter valued at $6,576,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Coursera Company Profile

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.