Wall Street Zen lowered shares of Coursera (NYSE:COUR - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday morning.
A number of other research firms also recently commented on COUR. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 target price on shares of Coursera in a 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 reiterated an "underperform" rating and set a $7.00 target price on shares of Coursera in a research note on Thursday, March 27th. Morgan Stanley reissued an "equal weight" rating and set a $11.00 target price (up from $10.00) on shares of Coursera in a report on Thursday, June 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Coursera currently has an average rating of "Hold" and an average target price of $9.56.
View Our Latest Stock Analysis on COUR
Coursera Stock Performance
Coursera stock traded up $0.09 during midday trading on Friday, hitting $8.73. 1,949,415 shares of the stock were exchanged, compared to its average volume of 2,130,606. Coursera has a 1 year low of $5.76 and a 1 year high of $11.74. The company has a 50 day moving average price of $8.64 and a two-hundred day moving average price of $8.10.
Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The firm had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. Coursera's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share. On average, research analysts forecast that Coursera will post -0.28 EPS for the current fiscal year.
Insider Activity
In other Coursera news, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 293,368 shares in the company, valued at $2,537,633.20. This represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction 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 sale, the director directly owned 85,573 shares of the company's stock, valued at approximately $725,659.04. The trade was a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock worth $211,087 over the last 90 days. 16.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Coursera
A number of large investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. acquired a new position in shares of Coursera during the 2nd quarter worth about $239,000. GC Wealth Management RIA LLC bought a new position in Coursera during the second quarter worth about $300,000. Wealth Enhancement Advisory Services LLC grew its position in Coursera by 157.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,082 shares of the company's stock valued at $301,000 after acquiring an additional 21,433 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Coursera during the second quarter worth approximately $934,000. Finally, Pallas Capital Advisors LLC increased its holdings in Coursera by 57.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 16,833 shares of the company's stock valued at $147,000 after purchasing an additional 6,112 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.
Coursera Company Profile
(
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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.
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