Coursera, Inc. to Post Q3 2024 Earnings of ($0.13) Per Share, William Blair Forecasts (NYSE:COUR)

Coursera, Inc. (NYSE:COUR) – Analysts at William Blair reduced their Q3 2024 earnings per share estimates for Coursera in a research report issued to clients and investors on Tuesday, April 30th. William Blair analyst S. Sheldon now forecasts that the company will post earnings of ($0.13) per share for the quarter, down from their prior estimate of ($0.12). William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Coursera’s current full-year earnings is ($0.45) per share. William Blair also issued estimates for Coursera’s FY2024 earnings at ($0.46) EPS and FY2025 earnings at ($0.38) EPS.

Other analysts have also recently issued reports about the company. Cantor Fitzgerald lowered their price target on Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. BMO Capital Markets lowered their price target on Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research report on Thursday, April 25th. Truist Financial lowered their price target on Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group lowered their price target on Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.85.

Coursera Price Performance

Shares of NYSE:COUR opened at $9.61 on Friday. The business’s fifty day moving average price is $13.53 and its two-hundred day moving average price is $17.03. Coursera has a fifty-two week low of $9.46 and a fifty-two week high of $21.26. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -13.93 and a beta of 1.57.

Coursera (NYSE:COUR) last released its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. Coursera’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.24) earnings per share.

Hedge Funds Weigh In On Coursera

Several hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its stake in Coursera by 72.1% in the first quarter. GSA Capital Partners LLP now owns 127,368 shares of the company’s stock valued at $1,786,000 after buying an additional 53,362 shares during the period. Mutual of America Capital Management LLC lifted its stake in Coursera by 84.5% in the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after buying an additional 104,236 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Coursera in the first quarter valued at about $2,355,000. Moody National Bank Trust Division lifted its stake in Coursera by 11.4% in the first quarter. Moody National Bank Trust Division now owns 27,451 shares of the company’s stock valued at $385,000 after buying an additional 2,804 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Coursera by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after buying an additional 536,890 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

Insider Transactions at Coursera

In other news, CFO Kenneth R. Hahn sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total transaction of $425,250.00. Following the transaction, the chief financial officer now owns 532,715 shares of the company’s stock, valued at $9,061,482.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Shravan Goli sold 35,450 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total transaction of $584,216.00. Following the transaction, the chief operating officer now owns 737,641 shares of the company’s stock, valued at $12,156,323.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kenneth R. Hahn sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total value of $425,250.00. Following the transaction, the chief financial officer now directly owns 532,715 shares in the company, valued at approximately $9,061,482.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 578,932 shares of company stock worth $8,548,314. Insiders own 16.30% of the company’s stock.

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.