Brokerages Set Coursera, Inc. (NYSE:COUR) PT at $9.56

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have been given a consensus rating of "Hold" by the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.25.

Several analysts recently commented on the company. Loop Capital raised their target price on Coursera from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen raised Coursera from a "hold" rating to a "buy" rating in a report on Saturday. Bank of America raised Coursera from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $7.00 to $12.00 in a report on Friday. Scotiabank raised their target price on Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a report on Friday. Finally, Cantor Fitzgerald increased their price target on Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a research report on Friday.

Insider Activity

In other news, Director Sabrina Simmons sold 9,335 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,160.80. Following the transaction, the director owned 50,215 shares in the company, valued at $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total value of $52,773.65. Following the completion of the transaction, the senior vice president owned 293,368 shares in the company, valued at approximately $2,537,633.20. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock worth $211,087 over the last quarter. 16.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in COUR. State of Wyoming increased its holdings in shares of Coursera by 959.1% in the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock valued at $33,000 after purchasing an additional 3,520 shares during the last quarter. Quarry LP increased its holdings in shares of Coursera by 1,848.6% in the first quarter. Quarry LP now owns 4,131 shares of the company's stock valued at $28,000 after purchasing an additional 3,919 shares during the last quarter. Pale Fire Capital SE acquired a new stake in shares of Coursera in the first quarter valued at approximately $67,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Coursera in the fourth quarter valued at approximately $86,000. Finally, Xponance Inc. acquired a new stake in shares of Coursera in the first quarter valued at approximately $69,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Trading Up 36.9%

Shares of COUR stock traded up $3.35 during mid-day trading on Thursday, reaching $12.43. The stock had a trading volume of 26,680,310 shares, compared to its average volume of 1,987,202. The business's fifty day moving average is $8.71 and its 200-day moving average is $8.14. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of -37.66 and a beta of 1.36. Coursera has a 1-year low of $5.76 and a 1-year high of $12.49.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $187.10 million for the quarter, compared to analyst estimates of $180.52 million. Coursera had a negative return on equity of 5.22% and a negative net margin of 7.05%. Coursera's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, analysts forecast that Coursera will post -0.28 earnings per share for the current year.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.