Coursera, Inc. (NYSE:COUR) Receives Consensus Rating of “Hold” from Analysts

Coursera, Inc. (NYSE:COUR) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.50.

COUR has been the subject of a number of recent analyst reports. UBS Group restated a “neutral” rating and issued a $7.00 price objective on shares of Coursera in a research report on Friday, February 6th. Royal Bank Of Canada reduced their target price on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Coursera in a research note on Friday, April 24th. The Goldman Sachs Group reduced their target price on shares of Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a research note on Saturday, February 7th. Finally, Morgan Stanley set a $7.50 target price on shares of Coursera in a research note on Friday, April 24th.

Insiders Place Their Bets

In related news, major shareholder Insight Holdings Group, Llc sold 78,628 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.69, for a total value of $447,393.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alan B. Cardenas sold 9,139 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction of $50,447.28. Following the transaction, the senior vice president owned 255,934 shares of the company’s stock, valued at approximately $1,412,755.68. This represents a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coursera

Large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Coursera during the 4th quarter worth about $25,000. Quarry LP boosted its stake in shares of Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after buying an additional 3,465 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after buying an additional 3,415 shares during the last quarter. Clearstead Trust LLC acquired a new position in shares of Coursera during the 4th quarter worth about $39,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after buying an additional 4,550 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Down 0.1%

COUR opened at $5.32 on Wednesday. Coursera has a 12 month low of $5.00 and a 12 month high of $13.56. The company has a fifty day simple moving average of $5.84 and a 200 day simple moving average of $6.66. The stock has a market cap of $899.99 million, a P/E ratio of -13.99 and a beta of 1.30.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The firm had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million. During the same quarter in the prior year, the company earned $0.12 EPS. Coursera’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Coursera will post -0.09 earnings per share for the current fiscal year.

Coursera declared that its Board of Directors has authorized a share buyback program on Monday, May 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 55.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.