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

Key Points

• Analyst sentiment is mixed: 13 brokerages give Coursera a consensus “Hold” rating, with an average 12-month price target of $6.36. Several firms recently cut their targets, including RBC and Goldman Sachs to $5.
• Latest quarterly results beat estimates: Coursera reported EPS of $0.21 versus $0.18 expected and revenue of $376.7 million versus $368.5 million expected; revenue rose 94% year over year.
• Shares opened at $3.78, near the stock’s 12-month low of $3.45. Institutional investors and hedge funds own 89.55% of the company’s shares.

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.36.

Several equities research analysts have commented on COUR shares. Royal Bank Of Canada lowered their target price on shares of Coursera from $7.00 to $5.00 and set an "outperform" rating for the company in a research note on Friday, October 30th. Needham & Company LLC lowered their price objective on shares of Coursera from $10.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, October 30th. The Goldman Sachs Group reduced their target price on shares of Coursera from $6.50 to $5.00 and set a "neutral" rating for the company in a report on Friday, October 30th. BMO Capital Markets decreased their target price on shares of Coursera from $8.00 to $6.00 and set an "outperform" rating for the company in a research report on Monday, October 5th. Finally, KeyCorp lowered shares of Coursera from an "overweight" rating to a "sector weight" rating in a research note on Friday, October 30th.

Coursera Stock Up 0.8%

Shares of Coursera stock opened at $3.78 on Wednesday. Coursera has a 12 month low of $3.45 and a 12 month high of $8.89. The business has a fifty day simple moving average of $4.93 and a 200 day simple moving average of $5.60. The stock has a market cap of $957.47 million, a PE ratio of -5.25, a price-to-earnings-growth ratio of 1.13 and a beta of 1.26.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. Coursera had a positive return on equity of 3.23% and a negative net margin of 14.35%. The business had revenue of $376.70 million during the quarter, compared to the consensus estimate of $368.52 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm's revenue was up 94.0% on a year-over-year basis. Analysts expect that Coursera will post 0.17 EPS for the current fiscal year.

Insider Activity

In related news, CEO Gregory M. Hart sold 10,308 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $5.11, for a total transaction of $52,673.88. Following the sale, the chief executive officer owned 1,539,003 shares in the company, valued at approximately $7,864,305.33. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 9,139 shares of the company's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the sale, the senior vice president owned 236,237 shares in the company, valued at $1,348,913.27. The trade was a 3.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 10,687,993 shares of company stock worth $42,786,000 and sold 29,752 shares worth $141,853. 16.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in Coursera during the second quarter worth $7,887,000. Deutsche Bank AG bought a new stake in shares of Coursera during the 2nd quarter worth about $9,848,000. Readystate Asset Management LP grew its stake in Coursera by 259.2% in the 2nd quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company's stock valued at $22,713,000 after buying an additional 2,906,101 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Coursera in the 2nd quarter valued at about $1,579,000. Finally, Pale Fire Capital SE raised its holdings in Coursera by 94.4% in 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 during the period. Institutional investors and hedge funds own 89.55% of the company's stock.

Coursera Company Profile

Coursera is an online learning platform founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller. It works with universities and companies to offer digital learning programs to individuals, businesses, governments and educational institutions around the world. Its offerings include individual courses, multi-course Specializations, professional certificates, guided projects and online degree programs. The platform also provides learning and workforce-development services for organizations through Coursera for Business and other institutional offerings.

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