Shares of Coursera, Inc. (NYSE:COUR – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $10.93.
COUR has been the topic of several recent research reports. The Goldman Sachs Group cut their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research report on Friday. Cantor Fitzgerald cut their price objective on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday. KeyCorp cut their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America initiated coverage on shares of Coursera in a research report on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Needham & Company LLC cut their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday.
Check Out Our Latest Stock Report on COUR
Insider Buying and Selling
Institutional Investors Weigh In On Coursera
A number of institutional investors have recently bought and sold shares of COUR. Assenagon Asset Management S.A. acquired a new stake in Coursera during the second quarter worth $9,525,000. Millennium Management LLC boosted its stake in shares of Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after purchasing an additional 1,123,397 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Coursera by 158.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after purchasing an additional 1,014,316 shares in the last quarter. M&G Plc acquired a new stake in shares of Coursera in the 2nd quarter valued at $5,048,000. Finally, Vanguard Group Inc. boosted its stake in shares of Coursera by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after purchasing an additional 536,890 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.
Coursera Stock Performance
COUR stock opened at $6.88 on Tuesday. The stock has a market cap of $1.07 billion, a P/E ratio of -9.97 and a beta of 1.42. The firm has a 50 day simple moving average of $7.80 and a 200 day simple moving average of $8.26. Coursera has a 52 week low of $6.29 and a 52 week high of $21.26.
Coursera (NYSE:COUR – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted ($0.20) earnings per share. Sell-side analysts predict that Coursera will post -0.44 EPS for the current year.
About Coursera
Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.
Recommended Stories
- Five stocks we like better than Coursera
- The 3 Best Retail Stocks to Shop for in August
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- The Risks of Owning Bonds
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What is a Stock Market Index and How Do You Use Them?
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Coursera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coursera and related companies with MarketBeat.com's FREE daily email newsletter.