Coursera (NYSE:COUR) Stock Rating Lowered by Wall Street Zen

Coursera (NYSE:COUR - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings downgraded Coursera from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, August 11th. The Goldman Sachs Group upgraded Coursera from a "sell" rating to a "neutral" rating and raised their price objective for the company from $5.50 to $6.50 in a research note on Monday, August 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price objective on shares of Coursera in a report on Wednesday, June 24th. BMO Capital Markets reiterated an "outperform" rating on shares of Coursera in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $7.00 target price on shares of Coursera in a report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $8.55.

Coursera Stock Performance

COUR stock opened at $6.51 on Friday. The business has a 50-day simple moving average of $5.75 and a two-hundred day simple moving average of $5.79. The company has a market capitalization of $1.72 billion, a P/E ratio of -9.72, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. Coursera has a 52-week low of $5.00 and a 52-week high of $12.32.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $293.61 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company's quarterly revenue was up 59.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Coursera will post 0.16 earnings per share for the current fiscal year.

Coursera declared that its Board of Directors has authorized a share repurchase program on Monday, May 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 55.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, SVP Alan B. Cardenas sold 9,139 shares of the company's stock in a transaction that occurred on 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 directly owned 236,237 shares of the company's stock, valued at $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of COUR. BlackRock Inc. bought a new position in Coursera in the 2nd quarter valued at $116,245,000. Pale Fire Capital SE raised its stake in shares of Coursera by 94.4% during the 2nd quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company's stock worth $115,242,000 after purchasing an additional 9,921,347 shares during the period. Caledonia Private Investments Pty Ltd purchased a new position in shares of Coursera in the 2nd quarter worth about $114,918,000. Vanguard Group Inc. boosted its holdings in shares of Coursera by 15.8% in the 4th quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company's stock worth $118,619,000 after buying an additional 2,195,148 shares during the last quarter. Finally, Readystate Asset Management LP boosted its holdings in shares of Coursera by 259.2% in the 2nd quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company's stock worth $22,713,000 after buying an additional 2,906,101 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.

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.

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