Coursera, Inc. (NYSE:COUR) Receives $14.73 Average Target Price from Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $14.73.

COUR has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. Bank of America started coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 target price on shares of Coursera in a research note on Friday, July 26th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research note on Monday, July 22nd.

Coursera Stock Performance

COUR opened at $7.62 on Friday. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26. The firm has a market cap of $1.19 billion, a P/E ratio of -11.04 and a beta of 1.42. The business’s fifty day moving average is $8.13 and its 200-day moving average is $9.01.

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

Insiders Place Their Bets

In other news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the sale, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now owns 7,297,671 shares of the company’s stock, 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 valued at $324,787 in the last ninety days. 16.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently modified their holdings of COUR. Dimensional Fund Advisors LP boosted its position in shares of Coursera by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock valued at $42,927,000 after purchasing an additional 328,030 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Coursera by 84.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock worth $3,191,000 after buying an additional 104,236 shares during the period. M&G Plc bought a new stake in shares of Coursera in the 2nd quarter valued at $5,048,000. SG Americas Securities LLC lifted its position in shares of Coursera by 461.8% during the 1st quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock valued at $1,127,000 after acquiring an additional 66,056 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in Coursera by 164.6% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after acquiring an additional 1,098,701 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Coursera Company Profile

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.