Coursera (NYSE:COUR) Releases Earnings Results, Misses Expectations By $0.01 EPS

Coursera (NYSE:COUR) issued its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01), FiscalAI reports. The firm had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%.

Coursera Stock Down 3.3%

Shares of COUR traded down $0.21 during mid-day trading on Thursday, hitting $5.98. 6,621,499 shares of the company’s stock were exchanged, compared to its average volume of 4,913,687. Coursera has a 52 week low of $5.22 and a 52 week high of $13.56. The stock’s 50-day simple moving average is $6.04 and its 200-day simple moving average is $7.25. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -19.27 and a beta of 1.35.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coursera in a report on Friday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Coursera in a report on Friday, February 6th. KeyCorp dropped their target price on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Wall Street Zen raised shares of Coursera from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Coursera in a report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Coursera has an average rating of “Hold” and an average price target of $10.62.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 9,710 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total transaction of $57,483.20. Following the transaction, the senior vice president directly owned 217,876 shares of the company’s stock, valued at approximately $1,289,825.92. This trade represents a 4.27% 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 this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board increased its holdings in shares of Coursera by 17.6% during the second quarter. Canada Pension Plan Investment Board now owns 58,800 shares of the company’s stock worth $515,000 after purchasing an additional 8,800 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Coursera during the fourth quarter worth approximately $503,000. Cerity Partners LLC increased its holdings in shares of Coursera by 30.3% during the second quarter. Cerity Partners LLC now owns 41,108 shares of the company’s stock worth $360,000 after purchasing an additional 9,548 shares during the period. WINTON GROUP Ltd bought a new position in shares of Coursera during the fourth quarter worth approximately $290,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Coursera by 83.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 24,237 shares of the company’s stock worth $284,000 after purchasing an additional 11,050 shares during the period. 89.55% of the stock is 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.