Coursera’s (COUR) Buy Rating Reiterated at Needham & Company LLC

Coursera (NYSE:COURGet Free Report)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They presently have a $10.00 price objective on the stock. Needham & Company LLC’s price target indicates a potential upside of 67.64% from the company’s previous close.

COUR has been the topic of a number of other reports. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective on the stock in a research note on Wednesday, December 17th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. Royal Bank Of Canada cut their target price on Coursera from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. UBS Group reiterated a “neutral” rating and set a $7.00 price objective on shares of Coursera in a research note on Friday. Finally, Wall Street Zen upgraded Coursera from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.73.

Read Our Latest Report on COUR

Coursera Stock Performance

NYSE:COUR opened at $5.97 on Friday. Coursera has a 1 year low of $5.72 and a 1 year high of $13.56. The stock has a fifty day moving average price of $7.21 and a two-hundred day moving average price of $9.31. The stock has a market capitalization of $992.58 million, a price-to-earnings ratio of -20.57 and a beta of 1.37.

Coursera (NYSE:COURGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The business had revenue of $196.90 million for the quarter, compared to analysts’ expectations of $191.83 million. During the same period in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts predict that Coursera will post -0.28 EPS for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of Coursera stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the transaction, the senior vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 16.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Several large investors have recently made changes to their positions in COUR. The Manufacturers Life Insurance Company raised its stake in shares of Coursera by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after purchasing an additional 1,027 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Coursera by 5.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company’s stock worth $182,000 after acquiring an additional 1,110 shares during the period. Merit Financial Group LLC raised its holdings in shares of Coursera by 9.2% during the third quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock worth $154,000 after acquiring an additional 1,112 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Coursera by 102.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after purchasing an additional 1,852 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Coursera by 10.3% in the fourth quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after buying an additional 2,439 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Key Stories Impacting Coursera

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Coursera Company Profile

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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.

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Analyst Recommendations for Coursera (NYSE:COUR)

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