Telsey Advisory Group Reaffirms "Outperform" Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COUR - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued on Monday,Benzinga reports. They presently have a $12.00 price target on the stock. Telsey Advisory Group's price target indicates a potential upside of 34.91% from the stock's previous close.

A number of other analysts have also recently commented on the company. Morgan Stanley reaffirmed an "equal weight" rating and issued a $11.00 price target (up from $10.00) on shares of Coursera in a research note on Thursday, June 5th. Bank of America reaffirmed an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Monday. JPMorgan Chase & Co. increased their target price on Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen cut Coursera from a "buy" rating to a "hold" rating in a research note on Friday. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $9.56.

Coursera Stock Up 1.8%

Coursera stock traded up $0.16 during trading hours on Monday, hitting $8.90. 828,446 shares of the company traded hands, compared to its average volume of 2,125,609. The firm's 50-day simple moving average is $8.64 and its two-hundred day simple moving average is $8.10. The firm has a market cap of $1.44 billion, a P/E ratio of -20.64 and a beta of 1.36. Coursera has a 1-year low of $5.76 and a 1-year 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, beating analysts' consensus estimates of $0.08 by $0.04. The firm had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. On average, equities research analysts predict that Coursera will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Amanda Clark sold 9,334 shares of Coursera 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 $79,152.32. Following the completion of the transaction, the director directly owned 85,573 shares in the company, valued at approximately $725,659.04. The trade was a 9.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total value of $52,773.65. Following the sale, the senior vice president owned 293,368 shares in the company, valued at approximately $2,537,633.20. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,770 shares of company stock worth $211,087. 16.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Several institutional investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. purchased a new position in shares of Coursera in the 2nd quarter valued at approximately $239,000. GC Wealth Management RIA LLC bought a new stake in shares of Coursera in the 2nd quarter worth $300,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Coursera by 157.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,082 shares of the company's stock worth $301,000 after acquiring an additional 21,433 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in shares of Coursera in the second quarter worth $934,000. Finally, Pallas Capital Advisors LLC lifted its position in shares of Coursera by 57.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 16,833 shares of the company's stock valued at $147,000 after buying an additional 6,112 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other 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.

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