Coursera, Inc. (NYSE:COUR) Receives $14.73 Average PT from Brokerages

Coursera, Inc. (NYSE:COUR) has received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.73.

A number of research firms recently issued reports on COUR. Telsey Advisory Group restated an “outperform” rating and set a $18.00 target price on shares of Coursera in a research report on Monday, July 22nd. Bank of America initiated coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. BMO Capital Markets upped their price objective on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Coursera in a report on Friday, July 26th.

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 of the company’s stock, valued at approximately $58,600,298.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the sale, the director now owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. The disclosure for this sale can be found here. Insiders sold 39,068 shares of company stock valued at $324,787 over the last 90 days. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Large investors have recently made changes to their positions in the stock. CWM LLC boosted its stake in Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after buying an additional 3,860 shares during the last quarter. Natixis acquired a new position in shares of Coursera during the 1st quarter valued at about $35,000. Covestor Ltd boosted its position in shares of Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after acquiring an additional 1,846 shares during the last quarter. nVerses Capital LLC grew its holdings in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares during the period. Finally, LGT Group Foundation acquired a new stake in Coursera during the second quarter worth about $73,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Stock Performance

Shares of COUR stock opened at $7.61 on Friday. Coursera has a fifty-two week low of $6.35 and a fifty-two week high of $21.26. The firm has a market capitalization of $1.19 billion, a PE ratio of -11.02 and a beta of 1.42. The stock’s 50-day simple moving average is $8.11 and its 200-day simple moving average is $9.03.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same period last year, the firm posted ($0.20) EPS. Coursera’s revenue for the quarter was up 10.8% compared to the same quarter last year. Sell-side analysts forecast that Coursera will post -0.44 earnings per share for the current year.

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.