Coursera, Inc. (NYSE:COUR) Stock Has Average Target Price of $8.36 According to Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $7.90.

A number of research firms recently weighed in on COUR. Weiss Ratings lowered shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and upped their price objective for the company from $5.50 to $6.50 in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Zacks Research lowered shares of Coursera from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Finally, BMO Capital Markets lowered their target price on Coursera from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Monday, October 5th.

Coursera Stock Performance

NYSE COUR opened at $5.09 on Friday. The business has a fifty day moving average price of $5.40 and a 200 day moving average price of $5.57. The company has a market cap of $1.35 billion, a P/E ratio of -7.60, a P/E/G ratio of 0.52 and a beta of 1.24. Coursera has a one year low of $4.53 and a one year high of $9.88.

Coursera (NYSE:COUR) last announced its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The company had revenue of $298.60 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter in the previous year, the company posted $0.12 EPS. The firm’s quarterly revenue was up 59.6% on a year-over-year basis. As a group, sell-side analysts predict that Coursera will post 0.20 EPS for the current fiscal year.

Insider Activity at Coursera

In related news, CEO Gregory Hart sold 10,308 shares of Coursera stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $5.11, for a total transaction of $52,673.88. Following the transaction, the chief executive officer owned 1,539,003 shares in the company, valued at approximately $7,864,305.33. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Pale Fire Capital Se acquired 1,000,000 shares of Coursera stock in a transaction that occurred on Tuesday, September 29th. The shares were bought at an average price of $4.61 per share, for a total transaction of $4,610,000.00. Following the transaction, the insider owned 28,806,415 shares of the company’s stock, valued at $132,797,573.15. This represents a 3.60% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Coursera during the second quarter worth $116,245,000. Pale Fire Capital SE raised its position in Coursera by 94.4% in the second quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company’s stock valued at $115,242,000 after purchasing an additional 9,921,347 shares during the period. Caledonia Private Investments Pty Ltd purchased a new stake in Coursera in the second quarter valued at $114,918,000. Readystate Asset Management LP lifted its stake in shares of Coursera by 259.2% in the 2nd quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock valued at $22,713,000 after purchasing an additional 2,906,101 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Coursera in the 2nd quarter valued at $9,848,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

About Coursera

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.