Coursera (NYSE:COUR) Stock Price Expected to Rise, Scotiabank Analyst Says

Coursera (NYSE:COUR) had its price target upped by equities researchers at Scotiabank from $9.00 to $11.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential downside of 11.48% from the stock’s current price.

COUR has been the subject of a number of other research reports. Bank of America raised Coursera from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $7.00 to $12.00 in a research note on Friday. JPMorgan Chase & Co. upped their price objective on Coursera from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Morgan Stanley upped their price objective on Coursera from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research note on Monday, July 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of Coursera in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Coursera Stock Up 36.9%

Shares of COUR opened at $12.43 on Friday. The business has a 50-day simple moving average of $8.71 and a two-hundred day simple moving average of $8.14. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -37.66 and a beta of 1.36. Coursera has a 52 week low of $5.76 and a 52 week high of $12.49.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $187.10 million during the quarter, compared to analysts’ expectations of $180.52 million. Coursera had a negative return on equity of 5.22% and a negative net margin of 7.05%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. On average, equities analysts anticipate that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sabrina Simmons sold 9,335 shares of Coursera stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the transaction, the director owned 50,215 shares in the company, valued at $425,823.20. This represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,770 shares of company stock worth $211,087. 16.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Coursera by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 12,306,979 shares of the company’s stock valued at $81,964,000 after acquiring an additional 159,820 shares during the period. Norges Bank purchased a new position in shares of Coursera in the 4th quarter valued at $17,010,000. Deutsche Bank AG boosted its position in shares of Coursera by 7.7% in the 1st quarter. Deutsche Bank AG now owns 1,986,750 shares of the company’s stock worth $13,232,000 after purchasing an additional 141,745 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $14,131,000 after purchasing an additional 14,873 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Coursera by 253.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company’s stock worth $12,107,000 after purchasing an additional 1,020,969 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.