Brokerages Set Coursera, Inc. (NYSE:COUR) PT at $16.85

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $16.85.

COUR has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. Cantor Fitzgerald cut their price target on Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. Royal Bank of Canada cut their price target on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. BMO Capital Markets cut their price target on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Coursera in a research note on Friday, May 17th.

Coursera Trading Down 2.6 %

Shares of NYSE COUR opened at $6.48 on Wednesday. The stock has a market capitalization of $1.01 billion, a PE ratio of -9.39 and a beta of 1.46. The stock’s fifty day simple moving average is $8.66 and its two-hundred day simple moving average is $14.08. Coursera has a 12-month low of $6.35 and a 12-month high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.24) EPS. On average, equities analysts predict that Coursera will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 8,093 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the transaction, the director now directly owns 76,266 shares in the company, valued at approximately $588,773.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Amanda Clark sold 8,093 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the transaction, the director now directly owns 76,266 shares in the company, valued at approximately $588,773.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the transaction, the chief accounting officer now owns 240,159 shares in the company, valued at $2,881,908. The disclosure for this sale can be found here. Insiders have sold a total of 289,072 shares of company stock worth $3,391,797 in the last ninety days. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Coursera by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock valued at $159,909,000 after acquiring an additional 254,108 shares during the last quarter. Eventide Asset Management LLC lifted its holdings in Coursera by 6.6% in the fourth quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock valued at $76,275,000 after acquiring an additional 243,894 shares during the last quarter. Norges Bank acquired a new position in Coursera in the fourth quarter valued at approximately $52,804,000. Goldman Sachs Group Inc. lifted its holdings in Coursera by 38.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock valued at $47,952,000 after acquiring an additional 690,931 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Coursera by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock valued at $42,927,000 after acquiring an additional 328,030 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.