Analysts Set Coursera, Inc. (NYSE:COUR) Target Price at $12.27

Coursera, Inc. (NYSE:COUR) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.2727.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada decreased their price target on Coursera from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Coursera in a research report on Wednesday, November 26th. Telsey Advisory Group restated an “outperform” rating and issued a $14.00 price target on shares of Coursera in a research report on Wednesday, December 17th. UBS Group cut their price target on Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Finally, Wall Street Zen cut shares of Coursera from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th.

Coursera Stock Performance

Shares of NYSE COUR opened at $6.36 on Thursday. Coursera has a one year low of $5.76 and a one year high of $13.56. The firm has a market capitalization of $1.06 billion, a P/E ratio of -21.91 and a beta of 1.37. The company’s fifty day moving average is $7.63 and its two-hundred day moving average is $9.49.

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

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 8,078 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.17, for a total transaction of $65,997.26. Following the completion of the transaction, the senior vice president directly owned 237,828 shares of the company’s stock, valued at $1,943,054.76. This trade represents a 3.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

A number of large investors have recently bought and sold shares of COUR. Oak Thistle LLC purchased a new position in Coursera during the fourth quarter worth $102,000. Harbor Capital Advisors Inc. increased its position in Coursera by 10.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 43,446 shares of the company’s stock worth $320,000 after purchasing an additional 4,012 shares in the last quarter. Diversified Trust Co. raised its stake in Coursera by 19.0% in the 4th quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock valued at $130,000 after purchasing an additional 2,824 shares during the last quarter. Mirabella Financial Services LLP purchased a new position in Coursera in the 3rd quarter valued at about $132,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Coursera in the 3rd quarter valued at about $173,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

About Coursera

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.