Coursera (NYSE:COUR) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Coursera (NYSE:COUR) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. KeyCorp cut Coursera from an “overweight” rating to a “sector weight” rating in a research note on Friday. Zacks Research downgraded shares of Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Weiss Ratings downgraded Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group decreased their price objective on shares of Coursera from $6.50 to $5.00 and set a “neutral” rating for the company in a report on Friday. Finally, Needham & Company LLC dropped their price objective on shares of Coursera from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.36.

Coursera Stock Performance

COUR stock opened at $3.79 on Friday. The company’s 50 day moving average price is $5.23 and its 200 day moving average price is $5.68. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -5.26, a PEG ratio of 0.49 and a beta of 1.24. Coursera has a fifty-two week low of $3.45 and a fifty-two week high of $8.89.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $376.70 million during the quarter, compared to the consensus estimate of $368.52 million. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. Coursera’s revenue for the quarter was up 94.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Equities analysts forecast that Coursera will post 0.20 EPS for the current fiscal year.

Insider Activity

In other news, CEO Gregory M. Hart sold 10,308 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $5.11, for a total value of $52,673.88. Following the transaction, the chief executive officer owned 1,539,003 shares in the company, valued at $7,864,305.33. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alan B. Cardenas sold 9,139 shares of Coursera stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the sale, the senior vice president owned 236,237 shares in the company, valued at $1,348,913.27. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Large investors have recently made changes to their positions in the business. CenterBook Partners LP bought a new position in Coursera in the 3rd quarter worth about $3,175,000. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Coursera by 440.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 28,220 shares of the company’s stock worth $140,000 after purchasing an additional 23,000 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new position in shares of Coursera in the 3rd quarter valued at $178,000. Inspire Investing LLC boosted its holdings in shares of Coursera by 5.1% in the third quarter. Inspire Investing LLC now owns 126,131 shares of the company’s stock valued at $626,000 after acquiring an additional 6,099 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Coursera by 28.4% in the third quarter. SBI Securities Co. Ltd. now owns 15,532 shares of the company’s stock valued at $77,000 after acquiring an additional 3,435 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

About Coursera

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.