Coursera, Inc. (NYSE:COUR) to Post Q3 2024 Earnings of ($0.11) Per Share, Telsey Advisory Group Forecasts

Coursera, Inc. (NYSE:COUR - Free Report) - Analysts at Telsey Advisory Group raised their Q3 2024 earnings per share (EPS) estimates for shares of Coursera in a research note issued on Tuesday, April 30th. Telsey Advisory Group analyst S. Vora now expects that the company will post earnings per share of ($0.11) for the quarter, up from their previous forecast of ($0.12). Telsey Advisory Group currently has a "Outperform" rating and a $25.00 target price on the stock. The consensus estimate for Coursera's current full-year earnings is ($0.47) per share. Telsey Advisory Group also issued estimates for Coursera's Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.41) EPS and FY2025 earnings at ($0.25) EPS.

A number of other analysts have also weighed in on COUR. Cantor Fitzgerald reduced their price objective on shares of Coursera from $26.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday. KeyCorp dropped their price objective on Coursera from $24.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, April 24th. William Blair reaffirmed an "outperform" rating on shares of Coursera in a research report on Friday, February 2nd. The Goldman Sachs Group decreased their target price on Coursera from $15.00 to $10.50 and set a "sell" rating for the company in a research report on Wednesday. Finally, BMO Capital Markets cut their price target on shares of Coursera from $20.00 to $13.00 and set an "outperform" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Coursera presently has an average rating of "Moderate Buy" and an average target price of $16.85.

Coursera Price Performance

Shares of Coursera stock traded up $0.08 during trading on Friday, hitting $9.61. The stock had a trading volume of 2,760,488 shares, compared to its average volume of 1,844,731. Coursera has a 12 month low of $9.46 and a 12 month high of $21.26. The firm's fifty day simple moving average is $13.67 and its 200-day simple moving average is $17.09. The stock has a market cap of $1.51 billion, a PE ratio of -14.19 and a beta of 1.57.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The company had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. During the same period in the previous year, the firm earned ($0.24) earnings per share. Coursera's quarterly revenue was up 14.6% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the transaction, the chief executive officer now directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business's stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,177,496 shares of the company's stock, valued at approximately $25,933,977.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kenneth R. Hahn sold 25,000 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total value of $425,250.00. Following the sale, the chief financial officer now owns 532,715 shares of the company's stock, valued at $9,061,482.15. The disclosure for this sale can be found here. Insiders have sold a total of 578,932 shares of company stock worth $8,548,314 in the last three months. Corporate insiders own 16.30% of the company's stock.

Institutional Trading of Coursera

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Coursera by 5.7% in the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company's stock valued at $198,390,000 after acquiring an additional 570,177 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Coursera by 41.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company's stock worth $1,414,000 after purchasing an additional 22,353 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Coursera in the 3rd quarter worth $585,000. FMR LLC grew its stake in Coursera by 4,271.1% during the 3rd quarter. FMR LLC now owns 138,259 shares of the company's stock worth $2,584,000 after buying an additional 135,096 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Coursera by 1,167.6% during the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company's stock valued at $3,643,000 after buying an additional 179,537 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.

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.