Brokerages Set Coursera, Inc. (NYSE:COUR) Price Target at $10.62

Coursera, Inc. (NYSE:COUR) has been assigned an average rating of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.6154.

Several equities analysts have commented on the stock. KeyCorp decreased their price objective on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Wall Street Zen downgraded shares of Coursera from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Coursera in a research note on Friday, February 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $14.00 price target on shares of Coursera in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. upgraded Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a report on Wednesday, December 17th.

Coursera Stock Down 0.2%

COUR opened at $5.90 on Tuesday. Coursera has a 12-month low of $5.47 and a 12-month high of $13.56. The business has a 50 day moving average of $6.04 and a 200-day moving average of $7.75. The stock has a market cap of $998.76 million, a price-to-earnings ratio of -19.03 and a beta of 1.35.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Coursera had a negative return on equity of 5.17% and a negative net margin of 6.73%.The business had revenue of $196.90 million for the quarter, compared to analyst estimates of $191.83 million. During the same period in the previous year, the firm earned $0.08 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts expect that Coursera will post -0.28 earnings per share for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 9,710 shares of the company’s stock in a transaction 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 transaction, the senior vice president directly owned 217,876 shares of the company’s stock, valued at $1,289,825.92. This represents a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 16.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Coursera by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,921,600 shares of the company’s stock valued at $163,022,000 after purchasing an additional 357,264 shares during the period. Norges Bank bought a new position in shares of Coursera during the second quarter worth approximately $15,435,000. Squarepoint Ops LLC bought a new position in shares of Coursera during the second quarter worth approximately $4,617,000. Quantedge Capital Pte Ltd acquired a new stake in shares of Coursera in the second quarter valued at approximately $1,652,000. Finally, Cannell & Spears LLC acquired a new stake in shares of Coursera in the third quarter valued at approximately $6,576,000. Institutional investors 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.