Coursera (NYSE:COUR) Raised to Buy at Wall Street Zen

Coursera (NYSE:COUR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other research firms also recently weighed in on COUR. Royal Bank Of Canada reduced their price objective on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price target on shares of Coursera in a research note on Wednesday, November 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price objective on shares of Coursera in a report on Wednesday, December 17th. Finally, UBS Group lowered their price objective on shares of Coursera from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.27.

Coursera Price Performance

Shares of Coursera stock opened at $6.51 on Friday. The business’s fifty day moving average price is $7.55 and its two-hundred day moving average price is $9.46. The company has a market capitalization of $1.08 billion, a P/E ratio of -22.43 and a beta of 1.37. Coursera has a 1-year low of $5.76 and a 1-year high of $13.56.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. On average, research analysts expect that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Alan B. Cardenas sold 8,078 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.17, for a total transaction of $65,997.26. Following the completion of the sale, the senior vice president owned 237,828 shares in the company, valued at approximately $1,943,054.76. This represents a 3.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Coursera by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after purchasing an additional 1,027 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Coursera by 5.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company’s stock worth $182,000 after buying an additional 1,110 shares during the period. Merit Financial Group LLC lifted its stake in Coursera by 9.2% during the third quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock valued at $154,000 after buying an additional 1,112 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Coursera by 102.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after buying an additional 1,852 shares during the period. Finally, Diversified Trust Co. boosted its holdings in shares of Coursera by 19.0% in the fourth quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock worth $130,000 after buying an additional 2,824 shares during the period. 89.55% of the stock is owned by institutional investors and hedge funds.

Coursera Company Profile

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.