Coursera (NYSE:COUR) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Coursera (NYSE:COUR) in a research report report published on Monday, Benzinga reports. They currently have a $18.00 target price on the stock.

A number of other brokerages have also recently weighed in on COUR. Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Coursera in a research report on Friday, July 26th. KeyCorp decreased their price objective on Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. BMO Capital Markets raised their price objective on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group decreased their price objective on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.73.

Coursera Stock Up 1.8 %

NYSE:COUR opened at $7.63 on Monday. The business’s 50-day moving average price is $7.84 and its 200 day moving average price is $8.35. The firm has a market cap of $1.19 billion, a P/E ratio of -10.88 and a beta of 1.42. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last released its earnings results 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 analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. Coursera’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.20) earnings per share. Sell-side analysts expect that Coursera will post -0.44 EPS for the current year.

Insider Activity

In related news, Director Andrew Y. Ng sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the sale, the director now owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the sale, the director now owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,068 shares of company stock worth $324,787. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Coursera by 2.3% during the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after buying an additional 254,108 shares during the period. Millennium Management LLC boosted its position in Coursera by 67.0% during the second 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 last quarter. Dimensional Fund Advisors LP boosted its position in Coursera by 0.6% during the second 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 last quarter. Jacobs Levy Equity Management Inc. boosted its position in Coursera by 158.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after purchasing an additional 1,014,316 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Coursera by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after purchasing an additional 83,369 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.