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

Coursera, Inc. (NYSE:COUR) has received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $9.1923.

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Coursera from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Morgan Stanley set a $7.50 price target on Coursera in a research report on Friday, April 24th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Coursera in a research note on Wednesday, June 24th. JPMorgan Chase & Co. cut their price objective on Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Finally, BMO Capital Markets boosted their target price on shares of Coursera from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Monday.

Insider Transactions at Coursera

In other Coursera news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total value of $7,683,789.28. Following the transaction, the insider directly owned 419,784 shares in the company, valued at $2,199,668.16. The trade was a 77.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction of $50,447.28. Following the sale, the senior vice president directly owned 255,934 shares in the company, valued at $1,412,755.68. This represents a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,009,139 shares of company stock worth $10,643,180. Company insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Several large investors have recently made changes to their positions in COUR. Royal Bank of Canada raised its holdings in shares of Coursera by 38.8% in the first quarter. Royal Bank of Canada now owns 55,891 shares of the company’s stock valued at $372,000 after buying an additional 15,610 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Coursera by 36.8% during the first quarter. AQR Capital Management LLC now owns 581,879 shares of the company’s stock worth $3,875,000 after purchasing an additional 156,566 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Coursera by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after purchasing an additional 2,847 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Coursera during the first quarter valued at approximately $273,000. Finally, American Century Companies Inc. increased its holdings in shares of Coursera by 29.0% in the second quarter. American Century Companies Inc. now owns 277,568 shares of the company’s stock valued at $2,431,000 after purchasing an additional 62,371 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

COUR opened at $5.76 on Thursday. Coursera has a fifty-two week low of $5.00 and a fifty-two week high of $13.56. The firm’s fifty day moving average price is $5.58 and its two-hundred day moving average price is $6.05. The company has a market capitalization of $976.02 million, a P/E ratio of -15.17, a P/E/G ratio of 1.91 and a beta of 1.23.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The business had revenue of $195.70 million during the quarter, compared to analyst estimates of $195.17 million. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Coursera will post 0.07 EPS for the current fiscal year.

Coursera declared that its Board of Directors has initiated a stock repurchase plan on Monday, May 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 55.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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.