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

Coursera, Inc. (NYSE:COUR) has received a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.2727.

A number of equities research analysts have weighed in on COUR shares. JPMorgan Chase & Co. raised Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective on the stock in a report on Wednesday, December 17th. Telsey Advisory Group reissued an “outperform” rating and set a $14.00 price objective on shares of Coursera in a report on Wednesday, December 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. Royal Bank Of Canada dropped their price objective on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of Coursera in a report on Wednesday, November 26th.

Coursera Stock Performance

Shares of COUR opened at $6.62 on Thursday. The company has a 50-day simple moving average of $7.82 and a 200-day simple moving average of $9.57. Coursera has a 52 week low of $5.76 and a 52 week high of $13.56. The firm has a market capitalization of $1.10 billion, a P/E ratio of -22.81 and a beta of 1.37.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The firm had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $190.33 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts forecast that Coursera will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 8,078 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.17, for a total transaction of $65,997.26. Following the sale, the senior vice president owned 237,828 shares in the company, valued at approximately $1,943,054.76. This represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after acquiring an additional 1,852 shares during the last quarter. Quarry LP lifted its position in shares of Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after purchasing an additional 3,465 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after purchasing an additional 4,550 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Coursera during the second quarter valued at approximately $94,000. Finally, State of Alaska Department of Revenue bought a new position in Coursera in the 3rd quarter worth approximately $104,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Company Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.