Coursera’s (COUR) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Coursera (NYSE:COUR) in a report published on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $12.00 price target on the stock.

Several other research firms have also weighed in on COUR. Bank of America reaffirmed an “underperform” rating and issued a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. UBS Group increased their price objective on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. Finally, Morgan Stanley dropped their price target on Coursera from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.44.

Coursera Stock Up 1.1 %

Shares of Coursera stock opened at $7.68 on Tuesday. Coursera has a 12-month low of $5.76 and a 12-month high of $12.20. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -14.77 and a beta of 1.42. The firm’s 50-day moving average price is $7.21 and its two-hundred day moving average price is $7.73.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. On average, sell-side analysts expect that Coursera will post -0.28 earnings per share for the current year.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coursera

A number of institutional investors and hedge funds have recently made changes to their positions in COUR. Vanguard Group Inc. boosted its holdings in Coursera by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company’s stock worth $103,251,000 after acquiring an additional 440,948 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after purchasing an additional 199,050 shares during the period. Norges Bank bought a new position in shares of Coursera in the 4th quarter worth $17,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Coursera by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company’s stock valued at $14,131,000 after purchasing an additional 14,873 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Coursera by 253.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company’s stock valued at $12,107,000 after purchasing an additional 1,020,969 shares in the last quarter. Institutional investors own 89.55% 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.