Coursera, Inc. (NYSE:COUR) Receives $9.31 Average Price Target from Analysts

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have received an average rating of "Hold" from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.31.

A number of brokerages have weighed in on COUR. UBS Group increased their price target on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Bank of America restated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research note on Friday, April 25th.

Coursera Stock Down 0.2%

Coursera stock traded down $0.02 during mid-day trading on Friday, reaching $8.93. The company had a trading volume of 297,181 shares, compared to its average volume of 2,300,424. Coursera has a 52 week low of $5.76 and a 52 week high of $11.74. The company has a 50 day moving average of $7.43 and a 200-day moving average of $7.84. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -17.14 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The firm had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. During the same period in the prior year, the firm earned $0.07 EPS. The business's revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. Barclays PLC increased its position in Coursera by 24.4% in the 3rd quarter. Barclays PLC now owns 962,122 shares of the company's stock valued at $7,640,000 after acquiring an additional 188,911 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Coursera in the 3rd quarter valued at about $1,651,000. Diversified Trust Co acquired a new stake in Coursera in the 4th quarter valued at about $131,000. SG Americas Securities LLC increased its position in Coursera by 66.1% in the 4th quarter. SG Americas Securities LLC now owns 87,209 shares of the company's stock valued at $741,000 after acquiring an additional 34,701 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Coursera by 15.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company's stock valued at $1,036,000 after acquiring an additional 16,724 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company's stock.

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.