Coursera, Inc. (NYSE:COUR) Stock Has Consensus Price Target of $8.55

Coursera, Inc. (NYSE:COUR) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $8.55.

A number of equities analysts have weighed in on the company. BMO Capital Markets restated an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Zacks Research cut shares of Coursera from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. KeyCorp restated an “overweight” rating on shares of Coursera in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and raised their price target for the company from $5.50 to $6.50 in a report on Monday, August 3rd.

Insider Buying and Selling

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president directly owned 236,237 shares of the company’s stock, valued at $1,348,913.27. This represents a 3.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.30% of the stock is owned by corporate insiders.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Coursera by 63.2% in the second quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock worth $31,000 after acquiring an additional 2,152 shares in the last quarter. Edgestream Partners L.P. grew its stake in Coursera by 5.1% during the 1st quarter. Edgestream Partners L.P. now owns 50,568 shares of the company’s stock valued at $294,000 after purchasing an additional 2,435 shares in the last quarter. ProShare Advisors LLC grew its stake in Coursera by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock valued at $192,000 after purchasing an additional 2,439 shares in the last quarter. Allworth Financial LP increased its holdings in Coursera by 68.6% during the 2nd quarter. Allworth Financial LP now owns 7,052 shares of the company’s stock worth $40,000 after purchasing an additional 2,870 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in Coursera by 299.7% during the 2nd quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock worth $33,000 after purchasing an additional 4,433 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Price Performance

Shares of COUR opened at $5.05 on Tuesday. Coursera has a 12 month low of $4.95 and a 12 month high of $12.32. The stock’s 50-day moving average is $5.65 and its two-hundred day moving average is $5.70. The stock has a market cap of $1.33 billion, a PE ratio of -7.53, a P/E/G ratio of 0.64 and a beta of 1.26.

Coursera (NYSE:COUR) last posted its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The company’s revenue for the quarter was up 59.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share. On average, research analysts anticipate that Coursera will post 0.16 earnings per share for the current year.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor’s and master’s degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.