Coursera (NYSE:COUR) Earns Outperform Rating from Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research note issued on Monday, Benzinga reports. They currently have a $18.00 target price on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 134.68% from the company’s previous close.

COUR has been the topic of a number of other research reports. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Coursera in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Friday, July 26th. The Goldman Sachs Group dropped their price target on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research report on Friday, July 26th. Bank of America initiated coverage on shares of Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective on the stock. Finally, Cantor Fitzgerald raised Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.73.

Coursera Trading Up 0.4 %

Shares of COUR opened at $7.67 on Monday. Coursera has a 12-month low of $6.35 and a 12-month high of $21.26. The firm has a market capitalization of $1.20 billion, a P/E ratio of -11.12 and a beta of 1.42. The firm has a 50-day moving average price of $7.86 and a 200 day moving average price of $8.44.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.20) EPS. Equities research analysts predict that Coursera will post -0.44 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Coursera

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after purchasing an additional 1,276 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after buying an additional 1,800 shares during the last quarter. Covestor Ltd boosted its position in shares of Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after buying an additional 1,846 shares in the last quarter. ProShare Advisors LLC grew its stake in Coursera by 10.3% in the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after acquiring an additional 2,224 shares during the last quarter. Finally, Natixis purchased a new position in Coursera during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 89.55% 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.