Coursera (NYSE:COUR) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Coursera (NYSE:COUR - Free Report) in a report released on Monday morning,Benzinga reports. They currently have a $11.00 target price on the stock.

A number of other brokerages have also weighed in on COUR. 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. Morgan Stanley reiterated an "equal weight" rating and set a $11.00 target price (up from $10.00) on shares of Coursera in a research note on Thursday, June 5th. Wall Street Zen lowered shares of Coursera from a "buy" rating to a "hold" rating in a research note on Friday. 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $9.56.

Coursera Trading Up 0.2%

Shares of COUR stock traded up $0.02 during trading on Monday, hitting $8.95. The company's stock had a trading volume of 2,839,973 shares, compared to its average volume of 2,133,366. The company has a market cap of $1.44 billion, a PE ratio of -20.80 and a beta of 1.36. The business has a fifty day moving average of $8.64 and a 200-day moving average of $8.10. Coursera has a 52 week low of $5.76 and a 52 week high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The business's quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that Coursera will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sabrina Simmons sold 9,335 shares of the firm's 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 transaction, the director directly owned 50,215 shares in the company, valued at $425,823.20. This trade represents a 15.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Alan B. Cardenas sold 6,101 shares of Coursera 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 completion of the sale, the senior vice president directly owned 293,368 shares in the company, valued at $2,537,633.20. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,770 shares of company stock valued at $211,087 over the last 90 days. Insiders own 16.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of COUR. ProShare Advisors LLC raised its position in shares of Coursera by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 38,746 shares of the company's stock valued at $329,000 after purchasing an additional 12,749 shares during the period. Jump Financial LLC increased its position in shares of Coursera by 582.9% during the fourth quarter. Jump Financial LLC now owns 213,753 shares of the company's stock valued at $1,817,000 after buying an additional 182,453 shares during the period. Penn Capital Management Company LLC purchased a new stake in Coursera in the fourth quarter worth approximately $635,000. Franklin Resources Inc. raised its holdings in shares of Coursera by 19.6% during the fourth quarter. Franklin Resources Inc. now owns 260,866 shares of the company's stock valued at $2,217,000 after acquiring an additional 42,765 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Coursera by 340.9% in the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock worth $2,322,000 after acquiring an additional 211,191 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.