Coursera, Inc. (NYSE:COUR) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is moderately positive: Twelve analysts rate Coursera a consensus “Moderate Buy,” with seven buys, four holds, and one sell. The average 12-month price target is $8.55, above the reported share price of $5.16.
• Coursera reported quarterly EPS of $0.17, beating the $0.10 consensus estimate, while revenue of $298.6 million exceeded forecasts and increased 59.6% year over year. Analysts expect full-year EPS of $0.16.
• Institutional ownership is substantial: Hedge funds and other institutions own 89.55% of shares, including a new $116.2 million stake purchased by BlackRock. An insider separately sold 9,139 shares at an average price of $5.71.

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the firm, 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 objective among brokers that have covered the stock in the last year is $8.5455.

A number of equities analysts have recently issued reports on COUR shares. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a report on Saturday. Zacks Research cut Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday, August 24th. KeyCorp reaffirmed an "overweight" rating on shares of Coursera in a research note on Wednesday, June 24th. Bank of America decreased their price target on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 30th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Coursera in a report on Thursday, July 30th.

Coursera Price Performance

Shares of NYSE:COUR opened at $5.16 on Tuesday. The company's fifty day moving average price is $5.69 and its 200-day moving average price is $5.73. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -7.70, a PEG ratio of 0.63 and a beta of 1.26. Coursera has a one year low of $4.98 and a one year high of $12.32.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The firm's quarterly revenue was up 59.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. As a group, equities research analysts expect that Coursera will post 0.16 EPS for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the completion of the sale, the senior vice president directly owned 236,237 shares in the company, valued at $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 16.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coursera

Several institutional investors have recently bought and sold shares of COUR. Deutsche Bank AG bought a new stake in Coursera in the 2nd quarter worth $9,848,000. OMERS ADMINISTRATION Corp bought a new position in shares of Coursera during the second quarter valued at about $1,579,000. Great Lakes Advisors LLC purchased a new stake in shares of Coursera during the second quarter worth about $3,262,000. BlackRock Inc. bought a new stake in shares of Coursera in the second quarter worth about $116,245,000. Finally, Invenomic Capital Management LP increased its holdings in Coursera by 207.3% during the 4th quarter. Invenomic Capital Management LP now owns 906,224 shares of the company's stock valued at $6,670,000 after purchasing an additional 611,325 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Company Profile

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.

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