Coursera, Inc. (NYSE:COUR) Receives Average Rating of “Hold” from Analysts

Coursera, Inc. (NYSE:COUR) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.6154.

Several brokerages have recently commented on COUR. Royal Bank Of Canada dropped their price target on shares of Coursera from $11.00 to $8.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Coursera in a research note on Friday, February 6th. Telsey Advisory Group reissued an “outperform” rating and set a $14.00 target price on shares of Coursera in a research report on Friday, February 6th. UBS Group restated a “neutral” rating and set a $7.00 target price on shares of Coursera in a report on Friday, February 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, February 6th.

Coursera Stock Performance

Shares of NYSE COUR opened at $5.75 on Tuesday. The business has a 50 day simple moving average of $6.09 and a 200 day simple moving average of $7.87. Coursera has a 52 week low of $5.47 and a 52 week high of $13.56. The stock has a market cap of $973.53 million, a price-to-earnings ratio of -18.55 and a beta of 1.35.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $196.90 million for the quarter, compared to analyst estimates of $191.83 million. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. On average, analysts predict that Coursera will post -0.28 EPS for the current year.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 9,710 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total value of $57,483.20. Following the completion of the sale, the senior vice president directly owned 217,876 shares in the company, valued at approximately $1,289,825.92. The trade was a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Coursera by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,921,600 shares of the company’s stock worth $163,022,000 after buying an additional 357,264 shares during the period. Norges Bank bought a new position in Coursera in the 2nd quarter worth $15,435,000. Squarepoint Ops LLC bought a new position in Coursera in the 2nd quarter worth $4,617,000. Quantedge Capital Pte Ltd acquired a new position in Coursera during the 2nd quarter worth $1,652,000. Finally, Cannell & Spears LLC acquired a new position in Coursera during the 3rd quarter worth $6,576,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

About Coursera

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.