Coursera (NYSE:COUR) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research has downgraded Coursera (NYSE:COUR) from a "strong-buy" to a "hold" rating.
• The current consensus rating for Coursera is "Hold", with a target price of $11.40, while several analysts continue to show optimism with price targets ranging from $10.00 to $15.00.
• The company reported an increase in quarterly revenue by 9.9% year-over-year, achieving $187.10 million, and surpassed earnings estimates with $0.12 EPS.

Zacks Research downgraded shares of Coursera (NYSE:COUR - Free Report) from a strong-buy rating to a hold rating in a report issued on Monday, August 18th,Zacks.com reports.

Several other brokerages have also commented on COUR. Cantor Fitzgerald increased their price target on shares of Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Loop Capital upped their price objective on shares of Coursera from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, July 25th. UBS Group boosted their target price on shares of Coursera from $8.50 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday, July 21st. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.40.

Coursera Stock Down 0.9%

Shares of Coursera stock traded down $0.1060 on Monday, hitting $11.2740. 708,183 shares of the company traded hands, compared to its average volume of 2,250,088. The company has a 50-day moving average price of $10.01 and a 200 day moving average price of $8.62. Coursera has a 12-month low of $5.76 and a 12-month high of $13.56. The company has a market cap of $1.82 billion, a PE ratio of -34.17 and a beta of 1.40.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.16%. The company had revenue of $187.10 million for the quarter, compared to analyst estimates of $180.52 million. During the same quarter in the prior year, the business posted $0.09 EPS. Coursera's quarterly revenue was up 9.9% on a year-over-year basis. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Coursera will post -0.28 EPS for the current year.

Insider Transactions at Coursera

In other Coursera news, CFO Kenneth R. Hahn sold 75,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $11.87, for a total value of $890,250.00. Following the transaction, the chief financial officer directly owned 1,075,853 shares in the company, valued at $12,770,375.11. The trade was a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michele M. Meyers sold 12,500 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $11.60, for a total transaction of $145,000.00. Following the completion of the transaction, the chief accounting officer directly owned 253,351 shares of the company's stock, valued at approximately $2,938,871.60. This represents a 4.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,000 shares of company stock worth $1,363,100. Company insiders own 16.80% of the company's stock.

Institutional Trading of Coursera

Several hedge funds have recently modified their holdings of COUR. LPL Financial LLC bought a new stake in shares of Coursera during the fourth quarter valued at approximately $142,000. Wells Fargo & Company MN grew its stake in shares of Coursera by 49.3% during the fourth quarter. Wells Fargo & Company MN now owns 64,545 shares of the company's stock valued at $549,000 after purchasing an additional 21,315 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Coursera by 149.7% during the fourth quarter. Cerity Partners LLC now owns 25,539 shares of the company's stock valued at $215,000 after purchasing an additional 15,312 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Coursera by 8.7% during the fourth quarter. Legal & General Group Plc now owns 181,230 shares of the company's stock valued at $1,540,000 after purchasing an additional 14,488 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Coursera during the fourth quarter valued at approximately $390,000. 89.55% of the stock is owned by institutional investors.

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.