Needham & Company LLC Reaffirms Buy Rating for Coursera (NYSE:COUR)

Needham & Company LLC reissued their buy rating on shares of Coursera (NYSE:COUR) in a report issued on Friday, Benzinga reports. The firm currently has a $15.00 price target on the stock.

Several other research analysts also recently commented on the stock. BMO Capital Markets reduced their price target on shares of Coursera from $20.00 to $13.00 and set an outperform rating on the stock in a research note on Wednesday, May 1st. KeyCorp reduced their target price on shares of Coursera from $14.00 to $12.00 and set an overweight rating on the stock in a research report on Monday, July 22nd. Cantor Fitzgerald lowered their price target on Coursera from $26.00 to $21.00 and set an overweight rating for the company in a report on Tuesday, April 30th. Morgan Stanley reduced their price objective on Coursera from $21.00 to $15.00 and set an overweight rating on the stock in a report on Tuesday, April 30th. Finally, Truist Financial lowered their target price on Coursera from $20.00 to $12.00 and set a hold rating for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $15.10.

Coursera Price Performance

Shares of NYSE:COUR opened at $9.34 on Friday. The firm has a market capitalization of $1.46 billion, a PE ratio of -13.54 and a beta of 1.44. The business has a 50 day simple moving average of $7.31 and a two-hundred day simple moving average of $11.99. Coursera has a 1 year low of $6.35 and a 1 year high of $21.26.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.77% and a negative net margin of 14.35%. Coursera’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned ($0.20) EPS. Equities research analysts expect that Coursera will post -0.45 EPS for the current fiscal year.

Insider Transactions at Coursera

In related news, Director Amanda Clark sold 8,093 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the sale, the director now owns 76,266 shares of the company’s stock, valued at $588,773.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total value of $480,000.00. Following the transaction, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amanda Clark sold 8,093 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $7.72, for a total value of $62,477.96. Following the sale, the director now owns 76,266 shares of the company’s stock, valued at approximately $588,773.52. The disclosure for this sale can be found here. In the last three months, insiders sold 86,192 shares of company stock valued at $797,237. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in COUR. Panagora Asset Management Inc. acquired a new stake in Coursera in the second quarter worth about $3,162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Coursera by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,243 shares of the company’s stock worth $181,000 after purchasing an additional 3,375 shares in the last quarter. Bank of New York Mellon Corp grew its position in Coursera by 15.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,760 shares of the company’s stock worth $3,385,000 after purchasing an additional 62,312 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Coursera during the 2nd quarter valued at approximately $9,525,000. Finally, M&G Plc purchased a new position in shares of Coursera in the second quarter worth $5,048,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.