Telsey Advisory Group Reaffirms Outperform Rating for Coursera (NYSE:COUR)

Telsey Advisory Group reissued their outperform rating on shares of Coursera (NYSE:COUR) in a research report released on Thursday, Benzinga reports. The brokerage currently has a $25.00 price objective on the stock.

COUR has been the topic of a number of other research reports. The Goldman Sachs Group lowered Coursera from a neutral rating to a sell rating and lowered their target price for the company from $18.00 to $14.00 in a report on Friday, January 19th. KeyCorp lowered their target price on Coursera from $24.00 to $20.00 and set an overweight rating on the stock in a report on Wednesday. William Blair reiterated an outperform rating on shares of Coursera in a research report on Friday, February 2nd. Royal Bank of Canada reiterated an outperform rating and issued a $25.00 price objective on shares of Coursera in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald reiterated an overweight rating and issued a $26.00 price objective on shares of Coursera in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Coursera presently has a consensus rating of Moderate Buy and an average price target of $21.70.

Coursera Price Performance

Shares of NYSE COUR opened at $11.73 on Thursday. The business’s 50-day simple moving average is $14.26 and its 200-day simple moving average is $17.37. Coursera has a 52 week low of $10.02 and a 52 week high of $21.26.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $168.88 million for the quarter, compared to analyst estimates of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. Equities analysts forecast that Coursera will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Coursera

In other Coursera news, CAO Michele M. Meyers sold 2,540 shares of Coursera stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.86, for a total value of $42,824.40. Following the completion of the transaction, the chief accounting officer now owns 206,059 shares in the company, valued at approximately $3,474,154.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Monday, January 29th. The stock was sold at an average price of $20.06, for a total value of $1,003,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,551,930 shares of the company’s stock, valued at approximately $51,191,715.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michele M. Meyers sold 2,540 shares of Coursera stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.86, for a total value of $42,824.40. Following the completion of the sale, the chief accounting officer now directly owns 206,059 shares of the company’s stock, valued at $3,474,154.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 653,932 shares of company stock worth $10,054,814. 16.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in COUR. Baillie Gifford & Co. increased its stake in shares of Coursera by 43.1% in the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after buying an additional 7,773,508 shares during the period. Norges Bank acquired a new stake in shares of Coursera during the fourth quarter worth $52,804,000. Gilder Gagnon Howe & Co. LLC grew its stake 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 worth $34,215,000 after purchasing an additional 1,098,701 shares during the period. Emory University acquired a new stake in shares of Coursera during the fourth quarter worth $17,893,000. Finally, Inflection Point Investments LLP acquired a new stake in shares of Coursera during the fourth quarter worth $14,526,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.