Q3 2024 Earnings Estimate for Coursera, Inc. (NYSE:COUR) Issued By Telsey Advisory Group

Coursera, Inc. (NYSE:COUR) – Investment analysts at Telsey Advisory Group raised their Q3 2024 earnings per share (EPS) estimates for shares of Coursera in a report issued on Tuesday, April 30th. Telsey Advisory Group analyst S. Vora now expects that the company will post earnings of ($0.11) per share for the quarter, up from their prior forecast of ($0.12). Telsey Advisory Group currently has a “Outperform” rating and a $25.00 target price on the stock. The consensus estimate for Coursera’s current full-year earnings is ($0.45) per share. Telsey Advisory Group also issued estimates for Coursera’s Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.41) EPS and FY2025 earnings at ($0.25) EPS.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets cut their target price on Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada cut their price target on Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Cantor Fitzgerald cut their price target on Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. The Goldman Sachs Group cut their price target on Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a report on Wednesday. Finally, KeyCorp cut their price target on Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Coursera Price Performance

Shares of Coursera stock opened at $9.61 on Friday. Coursera has a one year low of $9.46 and a one year high of $21.26. The stock’s 50-day moving average is $13.53 and its 200 day moving average is $17.03. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -13.93 and a beta of 1.57.

Coursera (NYSE:COUR) last announced its earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The company had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. During the same quarter in the prior year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year.

Institutional Trading of Coursera

A number of institutional investors and hedge funds have recently modified their holdings of COUR. Baillie Gifford & Co. increased its position in shares of Coursera by 43.1% during the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after acquiring an additional 7,773,508 shares during the last quarter. Norges Bank purchased a new stake in shares of Coursera during the fourth quarter valued at approximately $52,804,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of Coursera by 164.6% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after acquiring an additional 1,098,701 shares during the last quarter. Emory University purchased a new stake in shares of Coursera during the fourth quarter valued at approximately $17,893,000. Finally, Inflection Point Investments LLP purchased a new stake in Coursera in the fourth quarter worth $14,526,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Kenneth R. Hahn sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total value of $425,250.00. Following the transaction, the chief financial officer now owns 532,715 shares in the company, valued at $9,061,482.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kenneth R. Hahn sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total value of $425,250.00. Following the transaction, the chief financial officer now owns 532,715 shares in the company, valued at $9,061,482.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total value of $842,500.00. Following the sale, the chief executive officer now directly owns 2,524,525 shares of the company’s stock, valued at $42,538,246.25. The disclosure for this sale can be found here. Insiders have sold 578,932 shares of company stock worth $8,548,314 over the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

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.