Coursera, Inc. (NYSE:COUR) Given Consensus Rating of “Hold” by Brokerages

Shares of Coursera, Inc. (NYSE:COUR) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.50.

A number of equities research analysts recently weighed in on COUR shares. UBS Group reaffirmed a “neutral” rating and set a $7.00 price target on shares of Coursera in a report on Friday, February 6th. KeyCorp decreased their price objective on Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Coursera in a research report on Friday, April 24th. JPMorgan Chase & Co. decreased their price objective on Coursera from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Finally, Royal Bank Of Canada decreased their price objective on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th.

Coursera Stock Down 0.4%

Coursera stock opened at $5.30 on Wednesday. The business has a 50 day moving average price of $5.81 and a two-hundred day moving average price of $6.62. The stock has a market cap of $897.45 million, a price-to-earnings ratio of -13.95 and a beta of 1.30. Coursera has a 12 month low of $5.00 and a 12 month high of $13.56.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The business had revenue of $195.70 million for the quarter, compared to analyst estimates of $195.17 million. During the same period in the prior year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts expect that Coursera will post -0.09 earnings per share for the current fiscal year.

Coursera declared that its Board of Directors has approved a share buyback plan on Monday, May 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 55.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Coursera news, major shareholder Insight Holdings Group, Llc sold 78,628 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.69, for a total value of $447,393.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alan B. Cardenas sold 9,139 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $5.52, for a total value of $50,447.28. Following the completion of the transaction, the senior vice president owned 255,934 shares in the company, valued at $1,412,755.68. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Coursera by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock worth $621,000 after purchasing an additional 1,027 shares during the last quarter. Edgestream Partners L.P. boosted its position in shares of Coursera by 5.1% in the 1st quarter. Edgestream Partners L.P. now owns 50,568 shares of the company’s stock worth $294,000 after purchasing an additional 2,435 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Coursera by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after purchasing an additional 2,439 shares during the last quarter. Diversified Trust Co. lifted its holdings in shares of Coursera by 19.0% in the fourth 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 in the last quarter. 89.55% of the stock is currently owned by institutional investors.

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.