Coursera (NYSE:COUR) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Coursera (NYSE:COUR) in a research report released on Monday morning,Benzinga reports. The firm currently has a $11.00 price objective on the stock.

Several other research firms have also issued reports on COUR. Morgan Stanley restated an “equal weight” rating and issued a $11.00 price objective (up previously from $10.00) on shares of Coursera in a research note on Thursday, June 5th. Bank of America restated an “underperform” rating and issued a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. Telsey Advisory Group restated an “outperform” rating and issued a $12.00 target price on shares of Coursera in a report on Tuesday, April 22nd. Wall Street Zen cut shares of Coursera from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Coursera from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.56.

Coursera Stock Performance

NYSE COUR opened at $8.94 on Monday. The stock has a 50-day simple moving average of $8.64 and a 200 day simple moving average of $8.10. Coursera has a twelve month low of $5.76 and a twelve month high of $11.74. The stock has a market capitalization of $1.44 billion, a PE ratio of -20.78 and a beta of 1.36.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The business had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same period in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Coursera will post -0.28 EPS for the current fiscal year.

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 9,334 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,152.32. Following the completion of the transaction, the director directly owned 85,573 shares of the company’s stock, valued at approximately $725,659.04. This represents a 9.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the completion of the transaction, the senior vice president owned 293,368 shares in the company, valued at approximately $2,537,633.20. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock valued at $211,087 in the last ninety days. Corporate insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP lifted its stake in Coursera by 1,848.6% in the 1st quarter. Quarry LP now owns 4,131 shares of the company’s stock worth $28,000 after acquiring an additional 3,919 shares in the last quarter. State of Wyoming lifted its stake in shares of Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock valued at $33,000 after acquiring an additional 3,520 shares during the last quarter. Pale Fire Capital SE acquired a new stake in shares of Coursera in the 1st quarter valued at about $67,000. Xponance Inc. bought a new stake in shares of Coursera in the 1st quarter worth approximately $69,000. Finally, Pallas Capital Advisors LLC purchased a new position in Coursera in the first quarter worth $71,000. Hedge funds and other 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.