Coursera (NYSE:COUR) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Coursera (NYSE:COUR) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Several other brokerages have also commented on COUR. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Coursera in a research report on Wednesday, December 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Coursera in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $14.00 target price on shares of Coursera in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.27.

Coursera Trading Down 2.8%

Shares of Coursera stock opened at $6.30 on Friday. The business’s fifty day simple moving average is $7.75 and its 200 day simple moving average is $9.54. Coursera has a 12 month low of $5.76 and a 12 month high of $13.56. The firm has a market capitalization of $1.05 billion, a P/E ratio of -21.72 and a beta of 1.37.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $194.20 million during the quarter, compared to analyst estimates of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The business’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. Analysts predict that Coursera will post -0.28 EPS for the current fiscal year.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 8,078 shares of Coursera stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the transaction, the senior vice president directly owned 237,828 shares in the company, valued at approximately $1,943,054.76. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in Coursera by 102.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after acquiring an additional 1,852 shares in the last quarter. Quarry LP boosted its holdings in Coursera by 619.9% in the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after purchasing an additional 3,465 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after purchasing an additional 4,550 shares in the last quarter. Savant Capital LLC bought a new position in shares of Coursera in the second quarter worth $94,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Coursera in the third quarter worth $104,000. 89.55% of the stock is currently owned by institutional investors.

About Coursera

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.