Needham & Company LLC Reaffirms "Buy" Rating for Coursera (NYSE:COUR)

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

Other research analysts also recently issued research reports about the stock. Morgan Stanley reaffirmed an "equal weight" rating and issued a $11.00 price objective (up previously from $10.00) on shares of Coursera in a research report on Thursday, June 5th. Bank of America reaffirmed an "underperform" rating and issued a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their target price on Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen cut Coursera from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.56.

Coursera Stock Performance

Coursera stock traded up $0.03 during midday trading on Monday, hitting $8.99. 993,924 shares of the company's stock were exchanged, compared to its average volume of 1,814,124. Coursera has a 12 month low of $5.76 and a 12 month high of $11.74. The firm has a 50-day moving average of $8.64 and a two-hundred day moving average of $8.11. The company has a market cap of $1.45 billion, a PE ratio of -20.89 and a beta of 1.36.

Coursera (NYSE:COUR - Get Free Report) last issued 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 net margin of 9.37% and a negative return on equity of 7.22%. The company had revenue of $179.30 million for the quarter, compared to analysts' expectations of $175.60 million. During the same period in the prior year, the business earned $0.07 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Coursera will post -0.28 earnings per share for the current year.

Insider Activity

In other news, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president directly owned 293,368 shares of the company's stock, valued at approximately $2,537,633.20. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amanda Clark sold 9,334 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,152.32. Following the completion of the transaction, the director directly owned 85,573 shares in the company, valued at $725,659.04. This represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,770 shares of company stock valued at $211,087. Company insiders own 16.80% of the company's stock.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming lifted its stake in Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock valued at $33,000 after acquiring an additional 3,520 shares during the period. Quarry LP increased its holdings in shares of Coursera by 1,848.6% during the 1st quarter. Quarry LP now owns 4,131 shares of the company's stock valued at $28,000 after purchasing an additional 3,919 shares in the last quarter. Pale Fire Capital SE purchased a new position in shares of Coursera during the 1st quarter valued at approximately $67,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Coursera during the 4th quarter valued at approximately $86,000. Finally, Xponance Inc. purchased a new position in shares of Coursera during the 1st quarter valued at approximately $69,000. 89.55% of the stock is currently 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.