Coursera, Inc. (NYSE:COUR) Given Average Recommendation of "Hold" by Brokerages

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have received a consensus recommendation of "Hold" from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $9.56.

A number of equities research analysts have weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a report on Monday. Morgan Stanley restated an "equal weight" rating and issued a $11.00 price objective (up previously from $10.00) on shares of Coursera in a report on Thursday, June 5th. JPMorgan Chase & Co. upped their price objective on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Telsey Advisory Group restated an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a report on Monday. Finally, Bank of America restated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th.

Coursera Stock Performance

Coursera stock traded up $0.13 during mid-day trading on Thursday, hitting $9.09. The company's stock had a trading volume of 4,770,341 shares, compared to its average volume of 1,788,489. The business has a 50 day moving average price of $8.65 and a 200-day moving average price of $8.11. Coursera has a 12 month low of $5.76 and a 12 month high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The firm had revenue of $179.30 million for the quarter, compared to analysts' expectations of $175.60 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts expect that Coursera will post -0.28 EPS for the current year.

Insider Transactions at Coursera

In other Coursera news, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,152.32. Following the completion of the sale, the director directly owned 85,573 shares in the company, valued at approximately $725,659.04. The trade was a 9.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total transaction of $52,773.65. Following the completion of the transaction, the senior vice president owned 293,368 shares of the company's stock, valued at approximately $2,537,633.20. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock valued at $211,087 in the last 90 days. Insiders own 16.80% of the company's stock.

Hedge Funds Weigh In On Coursera

Several large investors have recently made changes to their positions in COUR. Quarry LP increased its holdings in Coursera by 1,848.6% in the 1st quarter. Quarry LP now owns 4,131 shares of the company's stock worth $28,000 after acquiring an additional 3,919 shares in the last quarter. State of Wyoming increased its holdings in Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after acquiring an additional 3,520 shares in the last quarter. Pale Fire Capital SE purchased a new stake in Coursera in the 1st quarter worth $67,000. Xponance Inc. purchased a new stake in Coursera in the 1st quarter worth $69,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Coursera in the 1st quarter worth $71,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.