Coursera, Inc. (NYSE:COUR) Given Average Rating of “Hold” by Brokerages

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $9.31.

Several brokerages have recently weighed in on COUR. Bank of America reissued an “underperform” rating and set a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Finally, UBS Group upped their target price on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st.

Coursera Price Performance

NYSE:COUR opened at $8.91 on Friday. Coursera has a one year low of $5.76 and a one year high of $11.74. The company has a fifty day moving average price of $7.34 and a 200 day moving average price of $7.81. The stock has a market cap of $1.44 billion, a P/E ratio of -17.13 and a beta of 1.38.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The business had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Coursera will post -0.28 EPS for the current year.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 16.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming lifted its position in shares of Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after purchasing an additional 3,520 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Coursera in the 4th quarter valued at $35,000. KBC Group NV raised its position in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after acquiring an additional 4,376 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Coursera during the fourth quarter valued at $86,000. Finally, Xponance Inc. bought a new position in Coursera in the first quarter valued at about $69,000. Institutional investors own 89.55% of the company’s stock.

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.