Coursera (NYSE:COUR) Releases Quarterly Earnings Results, Hits Expectations

Coursera (NYSE:COUR) posted its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06, FiscalAI reports. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%.

Coursera Stock Down 1.7%

NYSE COUR traded down $0.11 during trading hours on Thursday, hitting $5.97. The company’s stock had a trading volume of 10,217,654 shares, compared to its average volume of 4,441,070. Coursera has a twelve month low of $5.72 and a twelve month high of $13.56. The firm has a market capitalization of $992.58 million, a P/E ratio of -20.57 and a beta of 1.37. The stock has a fifty day moving average of $7.25 and a 200 day moving average of $9.33.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group cut their price objective on Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Coursera in a research report on Wednesday, November 26th. JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a research report on Wednesday, December 17th. Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. Finally, Royal Bank Of Canada decreased their price target on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.27.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of the company’s stock in a transaction on Monday, December 15th. The shares were 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 in the company, valued at approximately $1,943,054.76. The trade was a 3.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. The Manufacturers Life Insurance Company raised its holdings in Coursera by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock worth $621,000 after purchasing an additional 1,027 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Coursera by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after buying an additional 2,847 shares in the last quarter. Bank of Nova Scotia raised its stake in Coursera by 29.4% during the 3rd quarter. Bank of Nova Scotia now owns 13,953 shares of the company’s stock worth $163,000 after buying an additional 3,169 shares during the period. Quarry LP lifted its holdings in Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after acquiring an additional 3,465 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Coursera by 1.4% in the third quarter. Swiss National Bank now owns 265,900 shares of the company’s stock worth $3,114,000 after acquiring an additional 3,600 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

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.