Coursera (NYSE:COUR) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Coursera's stock rating has been upgraded by Wall Street Zen from "hold" to "buy," signaling increased investor confidence in the company's future performance.
• Multiple analysts have raised their price targets for Coursera, with targets now ranging from $9.00 to $15.00, reflecting optimism about the company's growth and market position.
• Coursera's latest quarterly earnings revealed a revenue increase of 9.9% year-over-year, with an earnings per share (EPS) of $0.12, surpassing expectations and highlighting improved financial health.

Coursera (NYSE:COUR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

COUR has been the topic of several other research reports. KeyCorp reiterated an "overweight" rating and set a $12.00 price target (up previously from $11.00) on shares of Coursera in a research note on Friday. Loop Capital upped their price target on shares of Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a report on Friday. Morgan Stanley boosted their price objective on shares of Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday. UBS Group upped their price target on shares of Coursera from $8.50 to $10.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.25.

Coursera Trading Down 3.8%

Shares of NYSE:COUR traded down $0.47 during mid-day trading on Friday, reaching $12.04. The company had a trading volume of 5,144,405 shares, compared to its average volume of 3,928,573. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -36.47 and a beta of 1.36. The company's 50-day moving average price is $8.86 and its 200-day moving average price is $8.19. Coursera has a one year low of $5.76 and a one year high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $187.10 million during the quarter, compared to analyst estimates of $180.52 million. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The company's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. On average, research analysts anticipate that Coursera will post -0.28 EPS for the current fiscal year.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 6,101 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 directly owned 293,368 shares in the company, valued at approximately $2,537,633.20. The trade was a 2.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sabrina Simmons sold 9,335 shares of the business'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 $79,160.80. Following the sale, the director owned 50,215 shares in the company, valued at approximately $425,823.20. This represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,270 shares of company stock worth $356,087. 16.80% of the stock is owned by corporate insiders.

Institutional Trading of Coursera

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Coursera during the 4th quarter worth approximately $17,010,000. Nuveen LLC bought a new position in shares of Coursera in the first quarter valued at approximately $7,764,000. Two Sigma Investments LP bought a new position in shares of Coursera in the fourth quarter valued at approximately $8,710,000. Ameriprise Financial Inc. grew its holdings in Coursera by 253.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock valued at $12,107,000 after purchasing an additional 1,020,969 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in Coursera during the fourth quarter valued at $6,612,000. 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.