Coursera, Inc. (COUR) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts remain moderately bullish on Coursera, with seven buy ratings, four holds and one sell among 12 covering brokerages. The consensus 12-month price target is $8.36, well above the stock’s recent $4.95 price.
• Institutional ownership is substantial at 89.55%, with new positions from Bank of America and Deutsche Bank and Pale Fire Capital increasing its stake significantly. Insiders own 16.30% of the company, while Pale Fire also recently purchased 1 million shares.
• Coursera’s latest quarter exceeded expectations, with adjusted EPS of $0.17 versus the $0.10 consensus and revenue of $298.6 million, up 59.6% year over year. Despite the growth, the company remains unprofitable, reporting a negative net margin of 15.39%.

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.36.

Several research firms have recently issued reports on COUR. Royal Bank Of Canada reissued an "outperform" rating and set a $7.00 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 objective for the company from $5.50 to $6.50 in a report on Monday, August 3rd. KeyCorp reaffirmed an "overweight" rating on shares of Coursera in a research note on Wednesday, June 24th. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a research note on Saturday, September 19th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of Coursera in a research note on Wednesday, June 24th.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 9,139 shares of the stock in a transaction 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 approximately $1,348,913.27. This represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Pale Fire Capital Se acquired 1,000,000 shares of the firm's stock in a transaction on Tuesday, September 29th. The stock was purchased at an average price of $4.61 per share, for a total transaction of $4,610,000.00. Following the acquisition, the insider directly owned 28,806,415 shares in the company, valued at $132,797,573.15. This represents a 3.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 16.30% of the company's stock.

Institutional Investors Weigh In On Coursera

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new position in Coursera during the second quarter worth about $7,887,000. Deutsche Bank AG purchased a new stake in Coursera during the 2nd quarter valued at about $9,848,000. OMERS ADMINISTRATION Corp purchased a new stake in Coursera during the 2nd quarter valued at about $1,579,000. Pale Fire Capital SE grew its stake in Coursera by 94.4% during the 2nd quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company's stock valued at $115,242,000 after acquiring an additional 9,921,347 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Coursera in the 2nd quarter valued at about $3,262,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Trading Down 2.8%

Shares of NYSE:COUR opened at $4.95 on Friday. Coursera has a 12-month low of $4.53 and a 12-month high of $10.77. The business has a 50 day moving average of $5.47 and a two-hundred day moving average of $5.60. The company has a market capitalization of $1.31 billion, a PE ratio of -7.38, a PEG ratio of 0.64 and a beta of 1.24.

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 analysts' consensus estimates of $0.10 by $0.07. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The business had revenue of $298.60 million for the quarter, compared to analysts' expectations of $293.61 million. During the same quarter last year, the company earned $0.12 EPS. The business's revenue was up 59.6% on a year-over-year basis. Equities research analysts predict that Coursera will post 0.16 earnings per share for the current fiscal year.

About Coursera

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. Its offerings cover subjects including business, technology, data science, health, and the arts, and are delivered through a combination of on-demand and structured learning formats.

The company serves individual learners, businesses, universities, and government organizations. Coursera partners with universities and other educational institutions, as well as technology companies and industry organizations, to develop and distribute educational content.

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