Coursera, Inc. (NYSE:COUR) Receives $14.73 Average Price Target from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $14.73.

COUR has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Monday, July 22nd. The Goldman Sachs Group cut their price objective on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a report on Friday, July 26th. Cantor Fitzgerald raised shares of Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target for the company.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, the senior vice president now owns 207,434 shares in the company, valued at approximately $1,715,479.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 directly owns 7,297,671 shares in the company, valued at $58,600,298.13. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock valued at $324,787 over the last ninety days. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COUR. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Coursera in the 2nd quarter valued at about $2,545,000. Point72 Asset Management L.P. acquired a new position in Coursera in the second quarter valued at approximately $441,000. Quarry LP grew its position in Coursera by 936.6% in the second quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after acquiring an additional 9,357 shares during the period. Algert Global LLC increased its stake in Coursera by 22.9% during the second quarter. Algert Global LLC now owns 404,114 shares of the company’s stock worth $2,893,000 after acquiring an additional 75,299 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Coursera during the second quarter worth $421,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Up 3.1 %

Shares of NYSE:COUR opened at $8.22 on Friday. The business has a 50-day moving average price of $8.10 and a 200-day moving average price of $9.13. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -11.91 and a beta of 1.42. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.20) EPS. As a group, equities analysts anticipate that Coursera will post -0.44 EPS for the current fiscal year.

About Coursera

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.