Coursera (NYSE:COUR) Given “Outperform” Rating at Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They presently have a $14.00 target price on the stock. Telsey Advisory Group’s target price suggests a potential upside of 78.69% from the stock’s current price.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. UBS Group increased their target price on shares of Coursera from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. upgraded Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price on the stock in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Coursera in a report on Wednesday, November 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $14.00 price objective on shares of Coursera in a report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Coursera currently has a consensus rating of “Hold” and a consensus target price of $12.64.

Coursera Stock Down 1.3%

Shares of COUR traded down $0.11 during mid-day trading on Wednesday, reaching $7.84. The company had a trading volume of 15,569,733 shares, compared to its average volume of 2,445,851. The stock has a market capitalization of $1.30 billion, a P/E ratio of -27.02 and a beta of 1.37. Coursera has a 52-week low of $5.76 and a 52-week high of $13.56. The stock has a 50 day moving average of $8.75 and a two-hundred day moving average of $9.76.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $194.20 million during the quarter, compared to the consensus estimate of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.Coursera’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. On average, sell-side analysts expect that Coursera will post -0.28 earnings per share for the current year.

Insider Activity

In other news, CAO Michele M. Meyers sold 3,500 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $10.27, for a total value of $35,945.00. Following the transaction, the chief accounting officer directly owned 234,295 shares of the company’s stock, valued at approximately $2,406,209.65. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 16.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quarry LP boosted its holdings in shares of Coursera by 1,848.6% during the 1st quarter. Quarry LP now owns 4,131 shares of the company’s stock worth $28,000 after purchasing an additional 3,919 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Coursera by 102.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after purchasing an additional 1,852 shares during the last quarter. State of Wyoming lifted its position in Coursera by 85.9% during the first quarter. State of Wyoming now owns 7,227 shares of the company’s stock worth $48,000 after buying an additional 3,340 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after buying an additional 4,550 shares during the last quarter. Finally, Pale Fire Capital SE acquired a new position in Coursera during the first quarter worth $67,000. 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.