Coursera, Inc. (NYSE:COUR) Receives $9.40 Average Target Price from Brokerages

Coursera, Inc. (NYSE:COUR - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.40.

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

Coursera Price Performance

COUR traded up $0.13 on Friday, hitting $8.76. The company had a trading volume of 2,526,490 shares, compared to its average volume of 2,147,596. The stock has a fifty day simple moving average of $8.57 and a 200-day simple moving average of $8.09. The firm has a market capitalization of $1.41 billion, a P/E ratio of -20.36 and a beta of 1.38. Coursera has a 52-week low of $5.76 and a 52-week high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the prior year, the company earned $0.07 EPS. The business's revenue was up 6.0% compared to the same quarter last year. Equities research analysts expect that Coursera will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of Coursera stock in a transaction 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 completion of the sale, the director now owns 50,215 shares of the company's stock, valued at approximately $425,823.20. This trade represents a 15.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the company's stock in a transaction 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 transaction, the senior vice president now directly owns 293,368 shares in the company, valued at approximately $2,537,633.20. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,770 shares of company stock valued at $211,087. Insiders own 16.80% of the company's stock.

Institutional Trading of Coursera

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Coursera by 1.3% during the first quarter. Vanguard Group Inc. now owns 12,306,979 shares of the company's stock valued at $81,964,000 after purchasing an additional 159,820 shares during the period. Norges Bank bought a new stake in Coursera in the 4th quarter worth approximately $17,010,000. Deutsche Bank AG raised its stake in Coursera by 7.7% during 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 lifted its holdings in shares of Coursera by 0.9% during 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 valued at $14,131,000 after buying an additional 14,873 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Coursera by 253.1% in the 4th 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. Hedge funds and other institutional investors 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.