Coursera (COUR) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Coursera (NYSE: COUR) recently:

• 4/25/2024 – Coursera had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $25.00 price target on the stock.
• 4/24/2024 – Coursera had its price target lowered by analysts at KeyCorp from $24.00 to $20.00. They now have an “overweight” rating on the stock.
• 4/19/2024 – Coursera had its price target lowered by analysts at Morgan Stanley from $25.00 to $21.00. They now have an “overweight” rating on the stock.
• 4/17/2024 – Coursera had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $26.00 price target on the stock.

Coursera Stock Performance

Shares of NYSE:COUR opened at $11.97 on Monday. Coursera, Inc. has a 52-week low of $10.27 and a 52-week high of $21.26. The company has a market capitalization of $1.88 billion, a P/E ratio of -15.55 and a beta of 1.48. The company has a 50-day simple moving average of $14.16 and a 200 day simple moving average of $17.30.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, topping the consensus estimate 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 company had revenue of $168.88 million for the quarter, compared to analysts’ expectations of $163.64 million. As a group, equities analysts forecast that Coursera, Inc. will post -0.47 earnings per share for the current year.

Insider Activity at Coursera

In other Coursera news, CAO Michele M. Meyers sold 2,540 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.86, for a total value of $42,824.40. Following the sale, the chief accounting officer now owns 206,059 shares in the company, valued at $3,474,154.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $11.91, for a total value of $595,500.00. Following the transaction, the chief executive officer now owns 2,177,496 shares in the company, valued at $25,933,977.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Michele M. Meyers sold 2,540 shares of Coursera stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.86, for a total transaction of $42,824.40. Following the completion of the sale, the chief accounting officer now directly owns 206,059 shares of the company’s stock, valued at $3,474,154.74. The disclosure for this sale can be found here. Insiders have sold 603,932 shares of company stock valued at $9,051,814 over the last three months. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in Coursera during the 3rd quarter worth approximately $38,000. Daiwa Securities Group Inc. lifted its position in Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after acquiring an additional 580 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Coursera during the 4th quarter valued at about $204,000. Moran Wealth Management LLC bought a new stake in Coursera during the 4th quarter valued at about $208,000. Finally, Martin Currie Ltd. bought a new stake in Coursera during the 3rd quarter valued at about $212,000. 89.55% of the stock is owned by institutional investors.

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.