Coursera (NYSE:COUR) Releases Earnings Results, Misses Estimates By $0.01 EPS

Coursera (NYSE:COUR) posted its quarterly earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01), FiscalAI reports. Coursera had a negative return on equity of 5.17% and a negative net margin of 6.73%.The business had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million.

Coursera Stock Down 3.3%

COUR traded down $0.21 during trading on Thursday, reaching $5.98. 6,208,610 shares of the company’s stock were exchanged, compared to its average volume of 4,894,790. Coursera has a fifty-two week low of $5.22 and a fifty-two week high of $13.56. The business has a 50 day moving average price of $6.04 and a 200 day moving average price of $7.25. The company has a market capitalization of $1.01 billion, a P/E ratio of -19.27 and a beta of 1.35.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Coursera in a report on Friday, February 6th. Royal Bank Of Canada decreased their target price on shares of Coursera from $11.00 to $8.00 and set an “outperform” rating for the company in a report on Friday, February 6th. The Goldman Sachs Group decreased their price target on shares of Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a report on Saturday, February 7th. Wall Street Zen raised shares of Coursera from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.62.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 9,710 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total value of $57,483.20. Following the sale, the senior vice president owned 217,876 shares in the company, valued at approximately $1,289,825.92. The trade was a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Coursera

Institutional investors and hedge funds have recently made changes to their positions in the company. 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 increased its stake in shares of Coursera by 36.8% in the 1st quarter. AQR Capital Management LLC now owns 581,879 shares of the company’s stock valued at $3,875,000 after acquiring an additional 156,566 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Coursera by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after acquiring an additional 2,847 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Coursera in the 1st quarter valued at about $273,000. Finally, American Century Companies Inc. grew its position in shares of Coursera by 29.0% in the 2nd 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 during the period. Institutional investors and hedge funds 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.