Coursera, Inc. (NYSE:COUR) Stock Has Average Price Target of $8.55 According to Analysts

Coursera, Inc. (NYSE:COUR) has received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $8.55.

Several research analysts have commented on COUR shares. Weiss Ratings lowered Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Coursera in a research report on Thursday, July 30th. Zacks Research lowered Coursera from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Coursera in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $5.50 to $6.50 in a research note on Monday, August 3rd.

Coursera Price Performance

Shares of NYSE:COUR opened at $5.07 on Tuesday. The company has a market capitalization of $1.34 billion, a P/E ratio of -7.56, a P/E/G ratio of 0.65 and a beta of 1.26. The firm’s 50 day simple moving average is $5.66 and its two-hundred day simple moving average is $5.70. Coursera has a 1-year low of $4.98 and a 1-year high of $12.32.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. The business had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm’s revenue for the quarter was up 59.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. On average, sell-side analysts anticipate that Coursera will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Alan Cardenas sold 9,139 shares of Coursera stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president owned 236,237 shares in the company, valued at approximately $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Several institutional investors have recently modified their holdings of COUR. Engineers Gate Manager LP lifted its position in Coursera by 9.0% in the second quarter. Engineers Gate Manager LP now owns 298,975 shares of the company’s stock worth $1,686,000 after buying an additional 24,686 shares during the last quarter. SVB Wealth LLC boosted its stake in Coursera by 66.7% during the second quarter. SVB Wealth LLC now owns 39,062 shares of the company’s stock worth $220,000 after buying an additional 15,624 shares during the period. IFP Advisors Inc increased its position in Coursera by 299.7% during the second quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock valued at $33,000 after acquiring an additional 4,433 shares during the last quarter. Allworth Financial LP increased its position in Coursera by 68.6% during the second quarter. Allworth Financial LP now owns 7,052 shares of the company’s stock valued at $40,000 after acquiring an additional 2,870 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Coursera by 55.4% in the second quarter. Arizona State Retirement System now owns 60,918 shares of the company’s stock valued at $344,000 after acquiring an additional 21,716 shares during the period. 89.55% of the stock is owned by institutional investors.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor’s and master’s degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.