Coursera, Inc. (NYSE:COUR) Receives $8.50 Consensus Price Target from Brokerages

Shares of Coursera, Inc. (NYSE:COUR) have received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.5455.

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $7.00 price objective on shares of Coursera in a research note on Wednesday, June 24th. Morgan Stanley set a $7.50 target price on shares of Coursera in a research report on Friday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Coursera in a report on Wednesday, June 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Coursera in a research report on Thursday, July 30th. Finally, Zacks Research raised shares of Coursera from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th.

Coursera Stock Performance

COUR opened at $5.83 on Monday. The company has a market cap of $986.35 million, a price-to-earnings ratio of -8.69, a PEG ratio of 2.05 and a beta of 1.24. Coursera has a one year low of $5.00 and a one year high of $12.93. The business’s fifty day moving average is $5.58 and its two-hundred day moving average is $5.83.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $298.60 million during the quarter, compared to analysts’ expectations of $293.61 million. Coursera had a negative return on equity of 2.08% and a negative net margin of 15.39%.The business’s revenue for the quarter was up 59.6% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. On average, analysts predict that Coursera will post 0.06 EPS for the current fiscal year.

Coursera announced that its board has initiated a share repurchase plan on Monday, May 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 55.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction of $50,447.28. Following the sale, the senior vice president owned 255,934 shares in the company, valued at approximately $1,412,755.68. This represents a 3.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.24, for a total value of $7,683,789.28. Following the transaction, the insider directly owned 419,784 shares of the company’s stock, valued at $2,199,668.16. The trade was a 77.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,009,139 shares of company stock worth $10,643,180. 16.30% of the stock is owned by insiders.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Coursera by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after purchasing an additional 1,027 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Coursera by 63.2% during the second quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock worth $31,000 after purchasing an additional 2,152 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of Coursera by 5.1% during the first 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 in the last quarter. ProShare Advisors LLC boosted its position in shares of Coursera by 10.3% in the fourth quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after buying an additional 2,439 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Coursera by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock worth $698,000 after buying an additional 2,847 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.