Coursera, Inc. (NYSE:COUR) Given Average Recommendation of “Moderate Buy” by Brokerages

Coursera, Inc. (NYSE:COUR) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.93.

COUR has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday. Cantor Fitzgerald reduced their target price on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday. Morgan Stanley reduced their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Coursera in a report on Monday, October 21st. Finally, Royal Bank of Canada dropped their target price on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday.

Coursera Stock Down 9.7 %

Shares of NYSE:COUR opened at $6.88 on Tuesday. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The firm’s 50-day simple moving average is $7.80 and its 200-day simple moving average is $8.26. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -9.97 and a beta of 1.42.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) earnings per share. On average, research analysts forecast that Coursera will post -0.44 EPS for the current year.

Insider Transactions at Coursera

In other news, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the transaction, the director now owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the transaction, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the transaction, the senior vice president now owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock valued at $324,787 in the last quarter. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Coursera by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after buying an additional 254,108 shares during the period. Millennium Management LLC boosted its holdings in shares of Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after buying an additional 1,123,397 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Coursera by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after buying an additional 15,694 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Coursera by 158.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock worth $23,185,000 after purchasing an additional 1,014,316 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Coursera by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after purchasing an additional 83,369 shares during the period. 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.