Coursera (COUR) to Release Quarterly Earnings on Monday

Coursera (NYSE:COUR) is scheduled to be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Coursera to post earnings of $0.01 per share for the quarter. Coursera has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Coursera (NYSE:COUR) last released its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The business had revenue of $168.88 million during the quarter, compared to the consensus estimate of $163.64 million. On average, analysts expect Coursera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Coursera Trading Up 1.9 %

NYSE:COUR opened at $11.97 on Friday. Coursera has a twelve month low of $10.27 and a twelve month high of $21.26. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -15.55 and a beta of 1.48. The stock has a fifty day simple moving average of $14.16 and a 200-day simple moving average of $17.32.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COUR. Telsey Advisory Group reiterated an “outperform” rating and set a $25.00 target price on shares of Coursera in a research report on Thursday. The Goldman Sachs Group downgraded Coursera from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $18.00 to $14.00 in a report on Friday, January 19th. Truist Financial lifted their price objective on Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Needham & Company LLC lifted their target price on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley cut their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.70.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total transaction of $96,990.56. Following the sale, the senior vice president now owns 167,798 shares in the company, valued at $2,775,378.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $20.06, for a total transaction of $1,003,000.00. Following the sale, the chief executive officer now owns 2,551,930 shares in the company, valued at $51,191,715.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alan B. Cardenas sold 5,864 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the completion of the sale, the senior vice president now owns 167,798 shares in the company, valued at approximately $2,775,378.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 653,932 shares of company stock worth $10,054,814. Insiders own 16.30% of the company’s stock.

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.