Brokerages Set Coursera, Inc. (NYSE:COUR) Target Price at $12.27

Coursera, Inc. (NYSE:COUR) has received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.2727.

COUR has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price for the company in a research note on Wednesday, December 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Coursera in a research note on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a report on Wednesday, November 26th. UBS Group decreased their price objective on Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 price objective on shares of Coursera in a research report on Wednesday, November 26th.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 8,078 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the sale, the senior vice president directly owned 237,828 shares in the company, valued at approximately $1,943,054.76. This trade represents a 3.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

Large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its holdings in Coursera by 341.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock worth $34,612,000 after buying an additional 2,286,395 shares during the last quarter. Norges Bank purchased a new position in Coursera during the 2nd quarter worth approximately $15,435,000. Lazard Asset Management LLC lifted its stake in Coursera by 84.2% in the third quarter. Lazard Asset Management LLC now owns 2,319,515 shares of the company’s stock valued at $27,162,000 after buying an additional 1,060,288 shares during the last quarter. Two Sigma Investments LP increased its holdings in Coursera by 231.5% in the third quarter. Two Sigma Investments LP now owns 1,447,125 shares of the company’s stock valued at $16,946,000 after buying an additional 1,010,592 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Coursera by 113.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,814,633 shares of the company’s stock worth $21,249,000 after acquiring an additional 963,698 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Stock Performance

NYSE:COUR opened at $6.30 on Thursday. The stock has a 50 day moving average price of $7.75 and a 200 day moving average price of $9.54. The stock has a market cap of $1.05 billion, a PE ratio of -21.72 and a beta of 1.37. Coursera has a one year low of $5.76 and a one year high of $13.56.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The business had revenue of $194.20 million during the quarter, compared to the consensus estimate of $190.33 million. During the same period last year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, analysts predict that Coursera will post -0.28 earnings per share for the current fiscal year.

About Coursera

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.