Coursera (NYSE:COUR) Research Coverage Started at Bank of America

Bank of America started coverage on shares of Coursera (NYSE:COUR) in a research note released on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $11.00 price target on the stock.

Several other equities research analysts have also recently weighed in on COUR. The Goldman Sachs Group reduced their target price on shares of Coursera from $10.50 to $9.00 and set a sell rating for the company in a research note on Friday, July 26th. Telsey Advisory Group reiterated an outperform rating and issued a $18.00 target price on shares of Coursera in a research note on Monday, July 22nd. Cantor Fitzgerald upgraded shares of Coursera to a strong-buy rating in a research note on Tuesday, August 13th. KeyCorp cut their price target on shares of Coursera from $14.00 to $12.00 and set an overweight rating for the company in a research note on Monday, July 22nd. Finally, Needham & Company LLC restated a buy rating and set a $15.00 price target on shares of Coursera in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $14.73.

Coursera Price Performance

COUR stock opened at $8.12 on Thursday. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26. The company has a 50-day moving average of $8.04 and a two-hundred day moving average of $9.45. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -11.77 and a beta of 1.42.

Coursera (NYSE:COUR) last released its 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. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. During the same quarter last year, the company earned ($0.20) earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Equities analysts expect that Coursera will post -0.44 EPS for the current fiscal year.

Insider Transactions at Coursera

In other news, Director Andrew Y. Ng sold 25,000 shares of the firm’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 transaction of $210,000.00. Following the completion of the sale, the director now owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Andrew Y. Ng sold 25,000 shares of the firm’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 sale, the director now owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,068 shares of company stock valued at $324,787. Corporate insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its holdings in shares of Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares in the last quarter. Natixis bought a new position in Coursera in the first quarter valued at approximately $35,000. Covestor Ltd boosted its stake in Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after acquiring an additional 1,846 shares during the last quarter. nVerses Capital LLC boosted its position in shares of Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation bought a new position in shares of Coursera during the second quarter worth $73,000. Institutional investors and hedge funds 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.