Zacks Research Downgrades Coursera (NYSE:COUR) 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.

Coursera (NYSE:COUR - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

COUR has been the topic of several other reports. Cantor Fitzgerald lifted 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. Scotiabank lifted their price target on shares of Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Telsey Advisory Group restated an "outperform" rating and set a $14.00 target price on shares of Coursera in a report on Friday, August 15th. Morgan Stanley increased their price target on shares of Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, Loop Capital lifted their price target on shares of Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.40.

Coursera Price Performance

Shares of COUR opened at $11.3380 on Monday. The firm's 50 day simple moving average is $9.83 and its 200 day simple moving average is $8.54. The company has a market capitalization of $1.83 billion, a P/E ratio of -34.22 and a beta of 1.40. Coursera has a 1-year low of $5.76 and a 1-year high of $13.56.

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

Insider Buying and Selling at Coursera

In other news, CAO Michele M. Meyers sold 2,500 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.94, for a total transaction of $29,850.00. Following the completion of the sale, the chief accounting officer owned 241,295 shares of the company's stock, valued at $2,881,062.30. This represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sabrina Simmons sold 9,335 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,160.80. Following the completion of the sale, the director directly owned 50,215 shares of the company's stock, valued at $425,823.20. This represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,669 shares of company stock worth $1,521,413 over the last 90 days. 16.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. ProShare Advisors LLC boosted its position in shares of Coursera by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 38,746 shares of the company's stock valued at $329,000 after acquiring an additional 12,749 shares during the last quarter. Penn Capital Management Company LLC bought a new stake in shares of Coursera during the fourth quarter worth $635,000. Blueshift Asset Management LLC bought a new stake in shares of Coursera in the first quarter valued at about $1,299,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Coursera by 34.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,649 shares of the company's stock valued at $91,000 after acquiring an additional 3,521 shares in the last quarter. Finally, Dauntless Investment Group LLC bought a new stake in shares of Coursera in the first quarter valued at about $445,000. 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.

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