Coursera's (COUR) "Buy" Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Coursera (NYSE:COUR - Free Report) in a report published on Friday,Benzinga reports. The firm currently has a $11.00 price target on the stock.

A number of other equities analysts have also issued reports on COUR. Morgan Stanley lowered their target price on shares of Coursera from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. UBS Group increased their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Friday, January 31st. Bank of America reaffirmed an "underperform" rating and set a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Coursera presently has an average rating of "Hold" and a consensus target price of $9.52.

Coursera Price Performance

Shares of COUR remained flat at $8.43 during mid-day trading on Friday. 871,589 shares of the stock were exchanged, compared to its average volume of 2,350,791. The stock has a market cap of $1.36 billion, a PE ratio of -16.21 and a beta of 1.42. The stock's 50-day simple moving average is $7.23 and its two-hundred day simple moving average is $7.75. Coursera has a twelve month low of $5.76 and a twelve month 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 analysts' consensus estimates of $0.08 by $0.04. The business had revenue of $179.30 million for the quarter, compared to analyst estimates of $175.60 million. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. As a group, equities analysts forecast that Coursera will post -0.28 EPS for the current year.

Insider Activity

In related news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 16.80% of the company's stock.

Institutional Trading of Coursera

Hedge funds have recently bought and sold shares of the company. State of Wyoming boosted its position in Coursera by 959.1% during the fourth 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 last quarter. SBI Securities Co. Ltd. purchased a new position in Coursera during the fourth quarter worth approximately $35,000. KBC Group NV raised its stake in Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after purchasing an additional 4,376 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Coursera during the fourth quarter worth approximately $86,000. Finally, Pallas Capital Advisors LLC purchased a new position in Coursera during the first quarter worth approximately $71,000. Institutional investors and hedge funds own 89.55% of the company's stock.

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.