Brokerages Set Coursera, Inc. (NYSE:COUR) PT at $12.45

Coursera, Inc. (NYSE:COUR) has earned an average rating of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.4545.

Several research firms have commented on COUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Coursera in a report on Thursday, December 18th. UBS Group reduced their price target on shares of Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective on the stock in a research report on Wednesday, December 17th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $8.17, for a total transaction of $65,997.26. Following the completion of the sale, the senior vice president directly owned 237,828 shares of the company’s stock, valued at $1,943,054.76. This represents a 3.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michele M. Meyers sold 3,500 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $10.27, for a total value of $35,945.00. Following the sale, the chief accounting officer directly owned 234,295 shares of the company’s stock, valued at $2,406,209.65. The trade was a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in Coursera by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock worth $621,000 after buying an additional 1,027 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Coursera by 5.6% during the second quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company’s stock worth $182,000 after acquiring an additional 1,110 shares during the period. Merit Financial Group LLC raised its holdings in Coursera by 9.2% during the third quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock worth $154,000 after purchasing an additional 1,112 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Coursera by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after purchasing an additional 2,847 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Price Performance

Shares of COUR opened at $7.45 on Friday. Coursera has a 1-year low of $5.76 and a 1-year high of $13.56. The stock has a market cap of $1.24 billion, a PE ratio of -25.70 and a beta of 1.37. The firm has a fifty day moving average price of $8.34 and a 200 day moving average price of $9.68.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The company had revenue of $194.20 million for the quarter, compared to analyst estimates of $190.33 million. During the same quarter last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts expect that Coursera will post -0.28 EPS for the current fiscal year.

Coursera Company Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.