Coursera (NYSE:COUR) Posts Earnings Results, Beats Expectations By $0.06 EPS

Coursera (NYSE:COUR) issued its quarterly earnings data on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06, Briefing.com reports. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The business had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. During the same quarter last year, the business earned ($0.24) EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. Coursera updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Coursera Trading Down 4.5 %

Shares of NYSE:COUR opened at $9.76 on Thursday. The stock has a 50 day moving average of $13.93 and a 200 day moving average of $17.20. Coursera has a 12-month low of $9.68 and a 12-month high of $21.26.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on COUR shares. The Goldman Sachs Group reduced their price target on shares of Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a research report on Wednesday. Royal Bank of Canada cut their price objective on shares of Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday. Truist Financial cut their price target on shares of Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday. Needham & Company LLC lowered their price objective on Coursera from $23.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.85.

Insider Buying and Selling

In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the transaction, the chief executive officer now directly owns 2,177,496 shares of the company’s stock, valued at approximately $25,933,977.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kenneth R. Hahn sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total transaction of $425,250.00. Following the sale, the chief financial officer now directly owns 532,715 shares of the company’s stock, valued at approximately $9,061,482.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the sale, the chief executive officer now directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 603,932 shares of company stock valued at $9,051,814. Corporate insiders own 16.30% 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.