Coursera (COUR) Scheduled to Post Quarterly Earnings on Monday

Coursera (NYSE:COUR) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Coursera to post earnings of $0.01 per share for the quarter. Coursera has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The firm had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. On average, analysts expect Coursera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Coursera Stock Performance

NYSE COUR opened at $11.95 on Monday. The firm’s 50 day moving average price is $14.67 and its 200-day moving average price is $17.53. Coursera has a 52-week low of $9.91 and a 52-week high of $21.26. The company has a market cap of $1.88 billion, a PE ratio of -15.52 and a beta of 1.48.

Insiders Place Their Bets

In other Coursera news, Director Andrew Y. Ng sold 50,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $12.09, for a total value of $604,500.00. Following the completion of the transaction, the director now owns 7,058,074 shares of the company’s stock, valued at $85,332,114.66. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Andrew Y. Ng sold 50,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $12.09, for a total transaction of $604,500.00. Following the completion of the transaction, the director now owns 7,058,074 shares of the company’s stock, valued at $85,332,114.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Shravan Goli sold 35,450 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total transaction of $584,216.00. Following the transaction, the chief operating officer now directly owns 737,641 shares of the company’s stock, valued at approximately $12,156,323.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 606,052 shares of company stock valued at $9,516,704. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Coursera during the fourth quarter worth $137,598,000. Vanguard Group Inc. increased its holdings in Coursera by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after buying an additional 536,890 shares in the last quarter. BlackRock Inc. increased its holdings in Coursera by 16.5% in the second quarter. BlackRock Inc. now owns 8,027,863 shares of the company’s stock valued at $104,523,000 after buying an additional 1,134,436 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Coursera by 38.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock valued at $47,952,000 after buying an additional 690,931 shares in the last quarter. Finally, State Street Corp increased its holdings in Coursera by 10.1% in the second quarter. State Street Corp now owns 2,308,393 shares of the company’s stock valued at $30,055,000 after buying an additional 212,683 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on COUR. Telsey Advisory Group increased their price objective on shares of Coursera from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC raised their target price on shares of Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research note on Friday, February 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $26.00 target price on shares of Coursera in a research note on Wednesday, April 17th. Finally, William Blair restated an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus target price of $22.10.

About Coursera

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.