Coursera, Inc. (NYSE:COUR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coursera, Inc. (NYSE:COUR) 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.

Insider Buying and Selling

In related news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the sale, the director now owns 7,203,892 shares in the company, valued at $60,512,692.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,068 shares of company stock valued at $324,787. 16.30% of the stock is owned by company insiders.

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) 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.