Telsey Advisory Group Reaffirms Outperform Rating for Coursera (NYSE:COUR)

Telsey Advisory Group reaffirmed their outperform rating on shares of Coursera (NYSE:COUR) in a research report released on Monday morning, Benzinga reports. Telsey Advisory Group currently has a $18.00 price target on the stock.

COUR has been the subject of a number of other reports. Bank of America assumed coverage on Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Coursera in a report on Friday, July 26th. KeyCorp dropped their price target on Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of Coursera in a report on Friday, July 26th. Finally, BMO Capital Markets raised their price target on Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and an average target price of $14.73.

Coursera Trading Down 1.6 %

Shares of COUR stock opened at $7.50 on Monday. Coursera has a 12 month low of $6.35 and a 12 month high of $21.26. The stock has a 50 day moving average of $7.85 and a two-hundred day moving average of $8.35. The company has a market capitalization of $1.17 billion, a P/E ratio of -10.83 and a beta of 1.42.

Coursera (NYSE:COUR) last issued 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. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. During the same period in the prior year, the firm posted ($0.20) EPS. Coursera’s quarterly revenue was up 10.8% compared to the same quarter last year. Sell-side analysts predict that Coursera will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, the senior vice president now owns 207,434 shares in the company, valued at approximately $1,715,479.18. This represents 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 worth $324,787 in the last three months. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted 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 valued at $159,909,000 after purchasing an additional 254,108 shares in the last quarter. Millennium Management LLC increased its position 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 valued at $20,055,000 after acquiring an additional 1,123,397 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 valued at $19,007,000 after acquiring an additional 15,694 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after acquiring an additional 1,014,316 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Coursera by 6.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after acquiring an additional 83,369 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

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.