Coursera, Inc. (NYSE:COUR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Coursera, Inc. (NYSE:COUR) have been assigned an average rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.50.

A number of equities research analysts have weighed in on COUR shares. KeyCorp cut their price target on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Wall Street Zen downgraded shares of Coursera from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. The Goldman Sachs Group cut their price target on shares of Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a report on Saturday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Coursera in a research note on Friday, April 24th. Finally, BMO Capital Markets reduced their price objective on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday.

Coursera Stock Up 3.4%

Shares of COUR opened at $6.16 on Friday. Coursera has a 52-week low of $5.00 and a 52-week high of $13.56. The firm has a market capitalization of $1.04 billion, a PE ratio of -16.20 and a beta of 1.30. The firm has a 50-day moving average price of $6.03 and a 200 day moving average price of $7.10.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The business had revenue of $195.70 million during the quarter, compared to analyst estimates of $195.17 million. During the same period in the previous year, the company posted $0.12 earnings per share. Coursera’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Coursera will post -0.09 EPS for the current year.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 9,710 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total transaction of $57,483.20. Following the completion of the sale, the senior vice president directly owned 217,876 shares of the company’s stock, valued at approximately $1,289,825.92. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Institutional Trading of Coursera

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Coursera by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock worth $621,000 after purchasing an additional 1,027 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Coursera by 9.2% in the third quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock worth $154,000 after purchasing an additional 1,112 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Coursera by 10.3% in the fourth quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after purchasing an additional 2,439 shares in the last quarter. Diversified Trust Co. lifted its position in shares of Coursera by 19.0% in the fourth quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock worth $130,000 after purchasing an additional 2,824 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Coursera by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock worth $698,000 after purchasing an additional 2,847 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other 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.