Wall Street Zen Upgrades Coursera (NYSE:COUR) to “Buy”

Wall Street Zen upgraded shares of Coursera (NYSE:COUR) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other analysts have also issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, July 21st. Cantor Fitzgerald raised their price objective on Coursera from $10.00 to $13.00 and gave the company an “overweight” rating in a report on Friday. UBS Group upped their target price on shares of Coursera from $8.50 to $10.00 and gave the stock a “neutral” rating in a report on Friday. Loop Capital increased their target price on shares of Coursera from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley raised their price target on shares of Coursera from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Coursera currently has a consensus rating of “Moderate Buy” and an average price target of $11.25.

Coursera Stock Performance

Coursera stock opened at $12.48 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of -37.82 and a beta of 1.36. The company’s fifty day moving average price is $8.79 and its 200 day moving average price is $8.16. Coursera has a 1 year low of $5.76 and a 1 year high of $13.56.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The firm had revenue of $187.10 million for the quarter, compared to analyst estimates of $180.52 million. During the same period last year, the company posted $0.09 EPS. Coursera’s quarterly revenue was up 9.9% compared to the same quarter last year. Sell-side analysts predict that Coursera will post -0.28 EPS for the current year.

Insider Activity

In other news, Director Sabrina Simmons sold 9,335 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,160.80. Following the completion of the transaction, the director directly owned 50,215 shares in the company, valued at approximately $425,823.20. This represents a 15.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the sale, the senior vice president directly owned 293,368 shares of the company’s stock, valued at $2,537,633.20. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock valued at $211,087 in the last quarter. Insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Coursera

Institutional investors and hedge funds have recently made changes to their positions in the stock. Total Clarity Wealth Management Inc. purchased a new position in shares of Coursera during the second quarter worth $183,000. CWM LLC lifted its stake in Coursera by 165.5% during the 2nd quarter. CWM LLC now owns 63,179 shares of the company’s stock worth $553,000 after acquiring an additional 39,385 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Coursera by 22.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 30,100 shares of the company’s stock valued at $264,000 after acquiring an additional 5,600 shares during the period. 111 Capital grew its position in Coursera by 152.8% in the 2nd quarter. 111 Capital now owns 29,643 shares of the company’s stock valued at $260,000 after acquiring an additional 17,915 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Coursera during the second quarter worth about $239,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.