Coursera, Inc. (NYSE:COUR) Stock Has Average Price Target of $6.36

Coursera, Inc. (NYSE:COUR) has been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.36.

A number of research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Coursera from $8.00 to $6.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Zacks Research raised Coursera from a “hold” rating to a “strong-buy” rating in a report on Monday, November 2nd. Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Telsey Advisory Group cut their target price on Coursera from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Finally, Weiss Ratings raised Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, November 2nd.

Insiders Place Their Bets

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the sale, the senior vice president owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Hart sold 10,308 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $5.11, for a total value of $52,673.88. Following the completion of the sale, the chief executive officer directly owned 1,539,003 shares of the company’s stock, valued at approximately $7,864,305.33. This trade represents a 0.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 10,687,993 shares of company stock worth $42,786,000 and sold 29,752 shares worth $141,853. 16.30% of the stock is currently owned by company insiders.

Institutional Trading of Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its holdings in shares of Coursera by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock valued at $31,000 after acquiring an additional 2,152 shares in the last quarter. Edgestream Partners L.P. boosted its position in Coursera by 5.1% during the 1st quarter. Edgestream Partners L.P. now owns 50,568 shares of the company’s stock worth $294,000 after purchasing an additional 2,435 shares during the period. Farther Finance Advisors LLC boosted its position in Coursera by 54.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,602 shares of the company’s stock worth $38,000 after purchasing an additional 2,672 shares during the period. Allworth Financial LP increased its holdings in Coursera by 68.6% in the 2nd quarter. Allworth Financial LP now owns 7,052 shares of the company’s stock valued at $40,000 after purchasing an additional 2,870 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Coursera by 28.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 15,532 shares of the company’s stock valued at $77,000 after purchasing an additional 3,435 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Trading Down 1.5%

Shares of COUR stock opened at $3.50 on Wednesday. The company has a market capitalization of $887.82 million, a P/E ratio of -4.87, a price-to-earnings-growth ratio of 1.07 and a beta of 1.26. The business’s 50 day moving average is $4.78 and its two-hundred day moving average is $5.56. Coursera has a twelve month low of $3.45 and a twelve month high of $8.89.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Coursera had a positive return on equity of 3.23% and a negative net margin of 14.35%. The business had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.52 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s quarterly revenue was up 94.0% compared to the same quarter last year. As a group, equities analysts predict that Coursera will post 0.17 earnings per share for the current fiscal year.

About Coursera

Coursera is an online learning platform founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller. It works with universities and companies to offer digital learning programs to individuals, businesses, governments and educational institutions around the world. Its offerings include individual courses, multi-course Specializations, professional certificates, guided projects and online degree programs. The platform also provides learning and workforce-development services for organizations through Coursera for Business and other institutional offerings.