Coursera, Inc. (NYSE:COUR) Receives Consensus Rating of "Hold" from Analysts

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have been given an average rating of "Hold" by the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.40.

COUR has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Friday, April 25th. Bank of America restated an "underperform" rating and issued a $7.00 target price on shares of Coursera in a research note on Thursday, March 27th. Morgan Stanley reaffirmed an "equal weight" rating and set a $11.00 price target (up previously from $10.00) on shares of Coursera in a research note on Thursday. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research report on Tuesday, April 22nd.

Insiders Place Their Bets

In related news, Director Amanda Clark sold 9,334 shares of the company's stock in a transaction 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 now directly owns 85,573 shares of the company's stock, valued at approximately $725,659.04. This represents a 9.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction on Tuesday, May 20th. The stock was 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 now owns 293,368 shares in the company, valued at $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 24,770 shares of company stock valued at $211,087 over the last three months. 16.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently bought and sold shares of COUR. Vanguard Group Inc. increased its stake in shares of Coursera by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,306,979 shares of the company's stock worth $81,964,000 after purchasing an additional 159,820 shares during the period. Norges Bank acquired a new stake in Coursera in the 4th quarter valued at approximately $17,010,000. Deutsche Bank AG grew its holdings in Coursera by 7.7% in the 1st quarter. Deutsche Bank AG now owns 1,986,750 shares of the company's stock valued at $13,232,000 after buying an additional 141,745 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Coursera by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company's stock worth $14,131,000 after buying an additional 14,873 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Coursera by 253.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock worth $12,107,000 after buying an additional 1,020,969 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

Coursera Trading Down 5.9%

Shares of NYSE COUR traded down $0.56 during midday trading on Wednesday, reaching $8.83. 2,201,173 shares of the stock were exchanged, compared to its average volume of 1,878,179. The company has a market capitalization of $1.42 billion, a P/E ratio of -16.97 and a beta of 1.38. The stock has a 50 day moving average price of $7.95 and a 200-day moving average price of $8.01. Coursera has a 52-week low of $5.76 and a 52-week high of $11.74.

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

Coursera Company Profile

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.