Coursera, Inc. (NYSE:COUR) Given Average Recommendation of “Hold” by Brokerages

Coursera, Inc. (NYSE:COUR) has been assigned an average rating of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.6154.

Several research firms recently weighed in on COUR. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Coursera in a report on Friday, February 6th. UBS Group reiterated a “neutral” rating and issued a $7.00 target price on shares of Coursera in a research report on Friday, February 6th. Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. KeyCorp lowered their price objective on Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 9,710 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total value of $57,483.20. Following the completion of the sale, the senior vice president directly owned 217,876 shares in the company, valued at $1,289,825.92. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Institutional investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Coursera in the fourth quarter valued at about $25,000. Nisa Investment Advisors LLC boosted its holdings in Coursera by 102.9% in the second 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 during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock valued at $36,000 after acquiring an additional 3,415 shares during the last quarter. Clearstead Trust LLC acquired a new stake in Coursera during the 4th quarter valued at approximately $39,000. Finally, Quarry LP raised its holdings in Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after purchasing an additional 3,465 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Coursera Trading Down 5.1%

Shares of NYSE COUR opened at $6.20 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -20.00 and a beta of 1.35. Coursera has a 12 month low of $5.47 and a 12 month high of $13.56. The stock has a 50-day moving average price of $6.47 and a two-hundred day moving average price of $8.56.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $196.90 million for the quarter, compared to analyst estimates of $191.83 million. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. On average, sell-side analysts predict that Coursera will post -0.28 earnings per share for the current year.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.