Analysts Set Coursera, Inc. (NYSE:COUR) Target Price at $10.62

Shares of Coursera, Inc. (NYSE:COUR) have been assigned a consensus rating of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.6154.

A number of research firms recently weighed in on COUR. KeyCorp decreased their target price on Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a research report on Wednesday, December 17th. Cantor Fitzgerald reissued an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. Royal Bank Of Canada cut their target price on shares of Coursera from $11.00 to $8.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, The Goldman Sachs Group decreased their price target on shares of Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research note on Saturday, February 7th.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of Coursera stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $8.17, for a total value of $65,997.26. Following the transaction, the senior vice president owned 237,828 shares in the company, valued at $1,943,054.76. The trade was a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

Hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. increased its stake in Coursera by 97.0% in the fourth quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock valued at $107,389,000 after purchasing an additional 7,184,167 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Coursera by 341.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock valued at $34,612,000 after buying an additional 2,286,395 shares during the period. Vanguard Group Inc. increased its position in Coursera by 15.8% in the 4th quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock valued at $118,619,000 after buying an additional 2,195,148 shares in the last quarter. Norges Bank bought a new stake in Coursera in the 2nd quarter valued at about $15,435,000. Finally, Lazard Asset Management LLC raised its stake in Coursera by 84.2% during the 3rd quarter. Lazard Asset Management LLC now owns 2,319,515 shares of the company’s stock worth $27,162,000 after buying an additional 1,060,288 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Trading Down 2.9%

NYSE COUR opened at $5.73 on Monday. Coursera has a 12 month low of $5.47 and a 12 month high of $13.56. The stock has a 50-day simple moving average of $7.02 and a 200 day simple moving average of $9.20. The company has a market capitalization of $953.31 million, a PE ratio of -18.48 and a beta of 1.37.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, February 5th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.19%. The firm had revenue of $196.90 million for the quarter, compared to the consensus estimate of $191.83 million. During the same period last year, the company posted $0.08 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts predict that Coursera will post -0.28 earnings per share for the current fiscal year.

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.