Coursera (NYSE:COUR) Rating Increased to Buy at Wall Street Zen

Coursera (NYSE:COUR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Other equities research analysts have also issued reports about the company. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of Coursera in a research report on Wednesday, November 26th. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price target for the company in a research report on Wednesday, December 17th. UBS Group lowered their price objective on shares of Coursera from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.27.

Coursera Stock Up 0.4%

Shares of NYSE:COUR opened at $6.51 on Friday. The company’s fifty day moving average is $7.55 and its two-hundred day moving average is $9.46. The company has a market cap of $1.08 billion, a P/E ratio of -22.43 and a beta of 1.37. Coursera has a 12-month low of $5.76 and a 12-month high of $13.56.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $194.20 million for the quarter, compared to the consensus estimate of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.Coursera’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. Equities research analysts anticipate that Coursera will post -0.28 earnings per share for the current year.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the sale, the senior vice president owned 237,828 shares of the company’s stock, valued at $1,943,054.76. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in COUR. Baillie Gifford & Co. lifted its holdings in Coursera by 97.0% in the 4th quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after purchasing an additional 7,184,167 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Coursera by 341.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock worth $34,612,000 after buying an additional 2,286,395 shares during the last quarter. Norges Bank bought a new stake in shares of Coursera during the 2nd quarter worth $15,435,000. Lazard Asset Management LLC boosted its holdings in shares of Coursera by 84.2% during the 3rd quarter. Lazard Asset Management LLC now owns 2,319,515 shares of the company’s stock worth $27,162,000 after buying an additional 1,060,288 shares during the period. Finally, Two Sigma Investments LP grew its stake in Coursera by 231.5% in the 3rd quarter. Two Sigma Investments LP now owns 1,447,125 shares of the company’s stock valued at $16,946,000 after buying an additional 1,010,592 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

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.