Coursera, Inc. (NYSE:COUR) Given Consensus Recommendation of “Hold” by Brokerages

Coursera, Inc. (NYSE:COUR) has received a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.2727.

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price target 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 objective on the stock in a research report on Wednesday, December 17th. Royal Bank Of Canada dropped their price objective on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Wall Street Zen lowered shares of Coursera from a “buy” rating to a “hold” rating in a research note on Saturday.

Coursera Stock Performance

Coursera stock opened at $6.30 on Thursday. The company has a 50 day moving average price of $7.71 and a 200 day moving average price of $9.53. Coursera has a 52 week low of $5.76 and a 52 week high of $13.56. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -21.72 and a beta of 1.37.

Coursera (NYSE:COUR) last released its earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The company had revenue of $194.20 million during the quarter, compared to analyst estimates of $190.33 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts forecast that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction, the senior vice president owned 237,828 shares in the company, 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 document filed with the SEC, which is available through the SEC website. 16.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coursera

Several institutional investors have recently made changes to their positions in COUR. Arrowstreet Capital Limited Partnership grew its stake in shares of Coursera by 341.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock valued at $34,612,000 after buying an additional 2,286,395 shares in the last quarter. Norges Bank acquired a new stake in Coursera in the second quarter valued at approximately $15,435,000. Lazard Asset Management LLC grew its position in Coursera by 84.2% in the third quarter. Lazard Asset Management LLC now owns 2,319,515 shares of the company’s stock worth $27,162,000 after acquiring an additional 1,060,288 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Coursera by 231.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,447,125 shares of the company’s stock worth $16,946,000 after purchasing an additional 1,010,592 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Coursera by 113.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,814,633 shares of the company’s stock worth $21,249,000 after purchasing an additional 963,698 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.