Coursera’s (COUR) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Coursera (NYSE:COURFree Report) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $14.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price for the company in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of Coursera in a research report on Wednesday, November 26th. UBS Group lifted their target price on Coursera from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Cantor Fitzgerald reissued an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Coursera has an average rating of “Hold” and a consensus price target of $12.45.

Get Our Latest Stock Analysis on COUR

Coursera Stock Performance

Shares of NYSE:COUR opened at $7.58 on Wednesday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -26.14 and a beta of 1.37. Coursera has a 1-year low of $5.76 and a 1-year high of $13.56. The company has a 50 day moving average price of $8.61 and a 200 day moving average price of $9.73.

Coursera (NYSE:COURGet Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The company had revenue of $194.20 million during the quarter, compared to analyst estimates of $190.33 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, sell-side analysts expect that Coursera will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In related news, CAO Michele M. Meyers sold 3,500 shares of Coursera stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $10.27, for a total value of $35,945.00. Following the completion of the sale, the chief accounting officer owned 234,295 shares of the company’s stock, valued at approximately $2,406,209.65. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alan B. Cardenas sold 8,078 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.17, for a total transaction of $65,997.26. Following the completion of the sale, the senior vice president owned 237,828 shares of the company’s stock, valued at $1,943,054.76. This represents a 3.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP boosted its stake in Coursera by 1,848.6% during the 1st quarter. Quarry LP now owns 4,131 shares of the company’s stock valued at $28,000 after purchasing an additional 3,919 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Coursera by 102.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after buying an additional 1,852 shares during the last quarter. State of Wyoming lifted its holdings in shares of Coursera by 85.9% during the first quarter. State of Wyoming now owns 7,227 shares of the company’s stock worth $48,000 after buying an additional 3,340 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Coursera by 163.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after acquiring an additional 4,550 shares during the period. Finally, Pale Fire Capital SE acquired a new stake in shares of Coursera in the first quarter worth $67,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Key Headlines Impacting Coursera

Here are the key news stories impacting Coursera this week:

About Coursera

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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.

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Analyst Recommendations for Coursera (NYSE:COUR)

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