Coursera, Inc. (NYSE:COUR) Receives $9.40 Consensus PT from Analysts

Coursera, Inc. (NYSE:COUR - Get Free Report) has earned a consensus rating of "Hold" from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $9.40.

A number of research firms have weighed in on COUR. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research report on Friday, April 25th. Telsey Advisory Group restated an "outperform" rating and set a $12.00 price objective on shares of Coursera in a research note on Tuesday, April 22nd. Bank of America restated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price target 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. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $11.00 price target (up from $10.00) on shares of Coursera in a report on Thursday, June 5th.

Coursera Stock Down 2.5%

Shares of NYSE COUR traded down $0.22 during midday trading on Friday, hitting $8.52. The stock had a trading volume of 537,156 shares, compared to its average volume of 2,136,314. Coursera has a 1-year low of $5.76 and a 1-year high of $11.74. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -19.80 and a beta of 1.36. The company has a fifty day moving average price of $8.63 and a 200 day moving average price of $8.09.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. The company 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 firm posted $0.07 earnings per share. The firm's quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that Coursera will post -0.28 EPS for the current year.

Insider Activity at Coursera

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were 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 of the company's stock, valued at $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amanda Clark sold 9,334 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,152.32. Following the transaction, the director directly owned 85,573 shares of the company's stock, valued at $725,659.04. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,770 shares of company stock valued at $211,087 in the last quarter. Insiders own 16.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its position in shares of Coursera by 1,848.6% during the first quarter. Quarry LP now owns 4,131 shares of the company's stock worth $28,000 after buying an additional 3,919 shares during the period. State of Wyoming lifted its stake in shares of 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 during the period. SBI Securities Co. Ltd. bought a new position in shares of Coursera in the fourth quarter valued at approximately $35,000. Pale Fire Capital SE bought a new stake in Coursera during the first quarter worth approximately $67,000. Finally, Xponance Inc. acquired a new stake in Coursera in the first quarter worth approximately $69,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.