Coursera (NYSE:COUR) Coverage Initiated by Analysts at Bank of America

Bank of America started coverage on shares of Coursera (NYSE:COUR) in a report published on Thursday morning, Marketbeat reports. The brokerage issued a buy rating and a $11.00 price target on the stock.

COUR has been the topic of several other reports. Royal Bank of Canada reaffirmed an outperform rating and issued a $18.00 price objective on shares of Coursera in a research report on Friday, July 26th. BMO Capital Markets boosted their price objective on shares of Coursera from $10.00 to $11.00 and gave the company an outperform rating in a research report on Friday, July 26th. The Goldman Sachs Group lowered their price target on shares of Coursera from $10.50 to $9.00 and set a sell rating on the stock in a research note on Friday, July 26th. Cantor Fitzgerald upgraded shares of Coursera to a strong-buy rating in a research note on Tuesday, August 13th. Finally, KeyCorp lowered their price target on shares of Coursera from $14.00 to $12.00 and set an overweight rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coursera has a consensus rating of Moderate Buy and an average price target of $14.73.

Coursera Stock Down 3.3 %

Shares of NYSE COUR opened at $8.12 on Thursday. The company’s fifty day moving average is $8.04 and its 200-day moving average is $9.45. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -11.77 and a beta of 1.42. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) EPS. On average, research analysts anticipate that Coursera will post -0.44 EPS for the current fiscal year.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 6,285 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the transaction, the senior vice president now directly owns 207,434 shares in the company, valued at approximately $1,715,479.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, the senior vice president now owns 207,434 shares in the company, valued at approximately $1,715,479.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock worth $324,787 in the last ninety days. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Coursera by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock valued at $159,909,000 after buying an additional 254,108 shares during the last quarter. Eventide Asset Management LLC boosted its holdings in Coursera by 6.6% in the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock valued at $76,275,000 after purchasing an additional 243,894 shares during the period. Millennium Management LLC boosted its holdings in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after purchasing an additional 1,123,397 shares during the period. Norges Bank bought a new stake in Coursera in the 4th quarter valued at about $52,804,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Coursera by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock valued at $19,007,000 after purchasing an additional 15,694 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.