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

Coursera, Inc. (NYSE:COUR) has received a consensus rating of “Hold” from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $10.6154.

COUR has been the subject of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and issued a $14.00 price target on shares of Coursera in a research note on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and set a $7.00 target price on shares of Coursera in a research note on Friday, February 6th. Cantor Fitzgerald reissued an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. The Goldman Sachs Group cut their price target on shares of Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a report on Saturday, February 7th. Finally, KeyCorp decreased their price objective on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 6th.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 9,710 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total transaction of $57,483.20. Following the completion of the sale, the senior vice president directly owned 217,876 shares in the company, valued at approximately $1,289,825.92. The trade was a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.80% of the company’s stock.

Institutional Trading of Coursera

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Coursera by 769.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,248 shares of the company’s stock valued at $98,000 after purchasing an additional 11,724 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Coursera by 33.9% in the fourth quarter. Pacer Advisors Inc. now owns 426,353 shares of the company’s stock valued at $3,138,000 after buying an additional 107,920 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Coursera in the fourth quarter worth about $508,000. T. Rowe Price Investment Management Inc. boosted its position in Coursera by 6.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,737,297 shares of the company’s stock worth $20,147,000 after acquiring an additional 154,497 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Coursera by 22.2% during the fourth quarter. Invesco Ltd. now owns 284,476 shares of the company’s stock worth $2,094,000 after acquiring an additional 51,642 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Price Performance

NYSE:COUR opened at $6.06 on Friday. The company has a 50 day moving average price of $6.39 and a 200-day moving average price of $8.40. Coursera has a 1-year low of $5.47 and a 1-year high of $13.56. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -19.53 and a beta of 1.35.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $196.90 million for the quarter, compared to the consensus estimate of $191.83 million. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. On average, sell-side analysts anticipate that Coursera will post -0.28 earnings per share for the current fiscal year.

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.