Shares of Coursera, Inc. (NYSE:COUR – Get Free Report) have received an average rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.5455.
A number of research firms have weighed in on COUR. KeyCorp reaffirmed an “overweight” rating on shares of Coursera in a research note on Wednesday, June 24th. Weiss Ratings upgraded shares of Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. The Goldman Sachs Group raised Coursera from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $5.50 to $6.50 in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $7.00 price target on shares of Coursera in a report on Wednesday, June 24th.
Check Out Our Latest Stock Analysis on Coursera
Coursera Stock Performance
Coursera (NYSE:COUR – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The business’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. On average, equities research analysts forecast that Coursera will post 0.16 EPS for the current year.
Coursera announced that its board has initiated a stock buyback program on Monday, May 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 55.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the sale, the senior vice president directly owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. This represents a 3.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 16.30% of the company’s stock.
Institutional Trading of Coursera
A number of institutional investors and hedge funds have recently modified their holdings of COUR. Aster Capital Management DIFC Ltd bought a new position in Coursera in the 4th quarter valued at $25,000. Quarry LP raised its position in Coursera by 619.9% in the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after acquiring an additional 3,465 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock valued at $36,000 after acquiring an additional 3,415 shares during the last quarter. Clearstead Trust LLC purchased a new position in Coursera in the fourth quarter valued at about $39,000. Finally, Optiver Holding B.V. bought a new position in shares of Coursera during the 1st quarter valued at approximately $31,000. 89.55% of the stock is owned by hedge funds and other institutional investors.
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.
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