Coursera (COUR) Scheduled to Post Quarterly Earnings on Monday

Coursera (NYSE:COUR) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect Coursera to post earnings of $0.01 per share for the quarter. Coursera has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $168.88 million during the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. On average, analysts expect Coursera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Coursera Trading Up 1.9 %

Shares of NYSE COUR opened at $11.97 on Friday. The stock has a 50 day simple moving average of $14.16 and a 200-day simple moving average of $17.31. The company has a market cap of $1.88 billion, a PE ratio of -15.55 and a beta of 1.48. Coursera has a 12-month low of $10.27 and a 12-month high of $21.26.

Insider Buying and Selling at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the transaction, the chief executive officer now owns 2,177,496 shares of the company’s stock, valued at $25,933,977.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the sale, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the sale, the chief executive officer now directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 653,932 shares of company stock valued at $10,054,814. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on COUR shares. Truist Financial boosted their price objective on Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research report on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $26.00 target price on shares of Coursera in a report on Wednesday, April 17th. Finally, Needham & Company LLC boosted their target price on Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.70.

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.