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

Shares of Coursera, Inc. (NYSE:COUR) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price 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. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of Coursera in a research note on Wednesday, June 24th. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and increased their price target for the stock from $5.50 to $6.50 in a report on Monday, August 3rd. Weiss Ratings lowered shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Zacks Research cut shares of Coursera from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Bank of America decreased their target price on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th.

Insider Activity at Coursera

In other news, SVP Alan Cardenas sold 9,139 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the transaction, the senior vice president owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. BlackRock Inc. purchased a new position in Coursera in the second quarter worth $116,245,000. Caledonia Private Investments Pty Ltd bought a new position in Coursera in the second quarter valued at $114,918,000. Pale Fire Capital SE purchased a new stake in Coursera during the first quarter valued at about $61,178,000. Readystate Asset Management LP raised its position in Coursera by 259.2% during the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock valued at $22,713,000 after purchasing an additional 2,906,101 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Coursera during the second quarter worth about $9,848,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Price Performance

Shares of COUR stock opened at $4.66 on Tuesday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -6.96, a PEG ratio of 0.64 and a beta of 1.26. The company’s fifty day simple moving average is $5.63 and its two-hundred day simple moving average is $5.68. Coursera has a 1 year low of $4.59 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 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. During the same period last year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 59.6% on a year-over-year basis. Equities research analysts anticipate that Coursera will post 0.16 EPS for the current year.

About Coursera

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.