Coursera (NYSE:COUR) Earns “Outperform” Rating from Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a report released on Friday,Benzinga reports. They currently have a $14.00 target price on the stock. Telsey Advisory Group’s target price indicates a potential upside of 17.85% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley increased their price target on Coursera from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Royal Bank Of Canada increased their price target on Coursera from $10.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, July 25th. KeyCorp reissued an “overweight” rating and set a $12.00 price target (up from $11.00) on shares of Coursera in a report on Friday, July 25th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Coursera in a report on Monday, July 21st. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Coursera Stock Down 0.1%

Coursera stock opened at $11.88 on Friday. The company has a market capitalization of $1.92 billion, a P/E ratio of -36.00 and a beta of 1.40. The stock’s 50 day moving average is $9.72 and its 200 day moving average is $8.49. Coursera has a twelve month low of $5.76 and a twelve month high of $13.56.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $187.10 million for the quarter, compared to analysts’ expectations of $180.52 million. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, equities analysts expect that Coursera will post -0.28 EPS for the current year.

Insider Buying and Selling at Coursera

In other Coursera news, Director Amanda Clark sold 9,334 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,152.32. Following the completion of the transaction, the director owned 85,573 shares in the company, valued at approximately $725,659.04. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total transaction of $52,773.65. Following the completion of the transaction, the senior vice president owned 293,368 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 37,270 shares of company stock valued at $356,087. Company insiders own 16.80% of the company’s stock.

Institutional Trading of Coursera

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP grew its stake in Coursera by 1,848.6% during the 1st quarter. Quarry LP now owns 4,131 shares of the company’s stock valued at $28,000 after acquiring an additional 3,919 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after acquiring an additional 1,852 shares in the last quarter. State of Wyoming grew its stake in Coursera by 959.1% during 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 in the last quarter. Daiwa Securities Group Inc. grew its stake in Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after acquiring an additional 4,550 shares in the last quarter. Finally, Pale Fire Capital SE purchased a new stake in Coursera during the 1st quarter valued at about $67,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.