Coursera, Inc. (NYSE:COUR) Receives $8.55 Average PT from Brokerages

Coursera, Inc. (NYSE:COUR) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $8.5455.

A number of brokerages have weighed in on COUR. Zacks Research cut shares of Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Coursera in a research note on Wednesday, June 24th. Bank of America cut their target price on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $7.00 target price on shares of Coursera in a research note on Wednesday, June 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Coursera in a report on Thursday, July 30th.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president owned 236,237 shares in the company, valued at approximately $1,348,913.27. This represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COUR. Aster Capital Management DIFC Ltd acquired a new stake in Coursera in the fourth quarter worth approximately $25,000. Quarry LP boosted its position in shares of 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. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after buying an additional 3,415 shares during the period. Clearstead Trust LLC acquired a new position in Coursera in the 4th quarter worth approximately $39,000. Finally, Optiver Holding B.V. purchased a new stake in shares of Coursera in the first quarter valued at $31,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Up 0.6%

Shares of NYSE COUR opened at $6.51 on Friday. The stock’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $5.79. Coursera has a 52-week low of $5.00 and a 52-week high of $12.32. The stock has a market capitalization of $1.72 billion, a P/E ratio of -9.72, a PEG ratio of 0.81 and a beta of 1.24.

Coursera (NYSE:COUR) last issued its earnings results on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The business’s revenue was up 59.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. On average, analysts anticipate that Coursera will post 0.16 EPS for the current year.

Coursera announced that its Board of Directors has authorized a stock buyback plan on Monday, May 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 55.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Coursera Company Profile

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.