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

Shares of Coursera, Inc. (NYSE:COUR) have been given an average recommendation of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.31.

COUR has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 target price on shares of Coursera in a report on Friday, January 31st. Morgan Stanley upped their price objective on Coursera from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. UBS Group boosted their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Coursera by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock worth $867,000 after purchasing an additional 1,785 shares during the last quarter. Waterfront Wealth Inc. increased its position in Coursera by 1.7% during the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after buying an additional 2,543 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Coursera by 6.4% during the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after buying an additional 2,552 shares in the last quarter. CWM LLC lifted its holdings in shares of Coursera by 13.7% during the first quarter. CWM LLC now owns 23,794 shares of the company’s stock worth $158,000 after buying an additional 2,872 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Coursera by 1.2% in the fourth quarter. Swiss National Bank now owns 262,300 shares of the company’s stock valued at $2,230,000 after acquiring an additional 3,100 shares during the period. Institutional investors own 89.55% of the company’s stock.

Coursera Stock Down 2.6%

Shares of COUR stock opened at $8.85 on Friday. Coursera has a 12 month low of $5.76 and a 12 month high of $11.74. The company’s fifty day simple moving average is $7.43 and its 200-day simple moving average is $7.84. The firm has a market cap of $1.43 billion, a PE ratio of -17.02 and a beta of 1.38.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The firm had revenue of $179.30 million for the quarter, compared to analyst estimates of $175.60 million. During the same period in the previous year, the business earned $0.07 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that Coursera will post -0.28 earnings per share for the current fiscal year.

Coursera Company Profile

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.