Q3 2024 EPS Estimates for Coursera, Inc. (NYSE:COUR) Reduced by Analyst

Coursera, Inc. (NYSE:COUR) – Stock analysts at William Blair cut their Q3 2024 earnings per share estimates for Coursera in a report released on Tuesday, April 30th. William Blair analyst S. Sheldon now forecasts that the company will post earnings of ($0.13) per share for the quarter, down from their prior estimate of ($0.12). William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Coursera’s current full-year earnings is ($0.47) per share. William Blair also issued estimates for Coursera’s FY2024 earnings at ($0.46) EPS and FY2025 earnings at ($0.38) EPS.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) EPS.

A number of other research analysts also recently issued reports on the company. KeyCorp dropped their price target on Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Truist Financial decreased their price target on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday. The Goldman Sachs Group dropped their price objective on shares of Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a research note on Wednesday. Royal Bank of Canada reduced their target price on shares of Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Needham & Company LLC lowered their price target on Coursera from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Coursera Trading Down 2.5 %

Shares of Coursera stock opened at $9.53 on Friday. Coursera has a 52 week low of $9.46 and a 52 week high of $21.26. The firm’s 50 day moving average is $13.80 and its two-hundred day moving average is $17.14.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Coursera by 5.7% in the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after buying an additional 570,177 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Coursera by 41.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after acquiring an additional 22,353 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Coursera during the 3rd quarter valued at about $585,000. FMR LLC grew its stake in shares of Coursera by 4,271.1% in the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after purchasing an additional 135,096 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Coursera by 1,167.6% in the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock worth $3,643,000 after purchasing an additional 179,537 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Insider Transactions at Coursera

In other news, CFO Kenneth R. Hahn sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total transaction of $425,250.00. Following the completion of the sale, the chief financial officer now directly owns 532,715 shares in the company, valued at $9,061,482.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the completion of the sale, the chief accounting officer now directly owns 240,159 shares of the company’s stock, valued at $2,881,908. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kenneth R. Hahn sold 25,000 shares of Coursera stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total transaction of $425,250.00. Following the completion of the transaction, the chief financial officer now directly owns 532,715 shares of the company’s stock, valued at approximately $9,061,482.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 578,932 shares of company stock valued at $8,548,314. Corporate insiders own 16.30% of the company’s stock.

About Coursera

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.