Coursera (NYSE:COUR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Coursera (NYSE:COUR) from a buy rating to a hold rating in a report published on Saturday.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets boosted their price target on shares of Coursera from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Coursera in a research note on Wednesday, June 24th. Weiss Ratings lowered Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Morgan Stanley set a $7.50 target price on Coursera in a research note on Friday, April 24th. Finally, KeyCorp restated an “overweight” rating on shares of Coursera in a report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.50.

Coursera Stock Performance

Shares of NYSE COUR opened at $5.37 on Friday. The stock has a market cap of $908.46 million, a P/E ratio of -14.12, a P/E/G ratio of 1.77 and a beta of 1.23. The firm has a 50 day moving average price of $5.52 and a 200 day moving average price of $5.91. Coursera has a 52-week low of $5.00 and a 52-week high of $13.56.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, April 23rd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million. Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. Analysts predict that Coursera will post 0.07 earnings per share for the current fiscal year.

Coursera declared that its Board of Directors has authorized a share buyback plan on Monday, May 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 55.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Coursera

In related news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total value of $7,683,789.28. Following the sale, the insider directly owned 419,784 shares of the company’s stock, valued at approximately $2,199,668.16. The trade was a 77.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction of $50,447.28. Following the completion of the transaction, the senior vice president directly owned 255,934 shares of the company’s stock, valued at approximately $1,412,755.68. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,009,139 shares of company stock valued at $10,643,180 in the last three months. 16.30% of the stock is owned by insiders.

Institutional Trading of Coursera

A number of institutional investors have recently modified their holdings of COUR. Baillie Gifford & Co. lifted its position in shares of Coursera by 97.0% in the fourth quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after purchasing an additional 7,184,167 shares in the last quarter. Invenomic Capital Management LP boosted its holdings in Coursera by 207.3% during the fourth quarter. Invenomic Capital Management LP now owns 906,224 shares of the company’s stock worth $6,670,000 after purchasing an additional 611,325 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Coursera by 58.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,084,567 shares of the company’s stock worth $7,982,000 after purchasing an additional 398,920 shares during the last quarter. Waterfront Wealth Inc. grew its position in Coursera by 98.0% in the first quarter. Waterfront Wealth Inc. now owns 364,339 shares of the company’s stock valued at $2,120,000 after purchasing an additional 180,374 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in Coursera in the first quarter valued at $1,395,000. 89.55% of the stock is currently owned by 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.