Coursera (NYSE:COUR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Coursera (NYSE:COUR) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other analysts have also weighed in on COUR. BMO Capital Markets restated an “outperform” rating on shares of Coursera in a research note on Thursday, July 30th. KeyCorp reiterated an “overweight” rating on shares of Coursera in a research note on Wednesday, June 24th. Bank of America reduced their target price on Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. The Goldman Sachs Group raised Coursera from a “sell” rating to a “neutral” rating and upped their price target for the company from $5.50 to $6.50 in a report on Monday, August 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Coursera in a research report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus price target of $8.55.

Coursera Stock Up 1.9%

Shares of COUR opened at $6.51 on Friday. The business’s 50 day moving average price is $5.75 and its 200-day moving average price is $5.79. Coursera has a 52 week low of $5.00 and a 52 week high of $12.32. The stock has a market cap of $1.72 billion, a P/E ratio of -9.72, a P/E/G ratio of 0.81 and a beta of 1.24.

Coursera (NYSE:COUR) last released its earnings results on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $298.60 million for the quarter, compared to analysts’ expectations of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The company’s quarterly revenue was up 59.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, equities analysts anticipate that Coursera will post 0.16 EPS for the current year.

Coursera declared that its Board of Directors has authorized a stock buyback program on Monday, May 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 55.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 9,139 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the completion of the sale, the senior vice president owned 236,237 shares of the company’s stock, valued at $1,348,913.27. The trade was a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Coursera by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock worth $621,000 after buying an additional 1,027 shares in the last quarter. Versant Capital Management Inc grew its holdings in Coursera by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock valued at $31,000 after buying an additional 2,152 shares in the last quarter. Edgestream Partners L.P. increased its stake in Coursera by 5.1% in the 1st quarter. Edgestream Partners L.P. now owns 50,568 shares of the company’s stock worth $294,000 after acquiring an additional 2,435 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Coursera by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after acquiring an additional 2,439 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Coursera by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock worth $698,000 after acquiring an additional 2,847 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Company Profile

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.