Coursera’s (COUR) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Coursera (NYSE:COUR) in a research report report published on Monday morning, Benzinga reports. They currently have a $18.00 target price on the stock.

Several other brokerages have also recently weighed in on COUR. Morgan Stanley reduced their price target on Coursera from $21.00 to $15.00 and set an overweight rating on the stock in a research note on Tuesday, April 30th. Cantor Fitzgerald reduced their price target on Coursera from $26.00 to $21.00 and set an overweight rating on the stock in a research note on Tuesday, April 30th. Truist Financial cut their target price on Coursera from $20.00 to $12.00 and set a hold rating on the stock in a research note on Tuesday, April 30th. The Goldman Sachs Group cut their target price on Coursera from $15.00 to $10.50 and set a sell rating on the stock in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada cut their target price on Coursera from $25.00 to $18.00 and set an outperform rating on the stock in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $15.35.

Coursera Stock Up 2.4 %

Shares of COUR stock opened at $7.40 on Monday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -10.72 and a beta of 1.44. The business’s fifty day moving average is $7.25 and its 200 day moving average is $12.22. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) earnings per share. Equities research analysts expect that Coursera will post -0.45 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total transaction of $480,000.00. Following the transaction, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total value of $480,000.00. Following the transaction, the chief executive officer now owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Richard J. Jacquet sold 16,273 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total value of $152,966.20. Following the completion of the transaction, the senior vice president now directly owns 249,456 shares in the company, valued at approximately $2,344,886.40. The disclosure for this sale can be found here. Insiders have sold a total of 86,192 shares of company stock valued at $797,237 over the last ninety days. 16.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COUR. CWM LLC lifted its holdings in Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after acquiring an additional 3,860 shares during the period. Natixis bought a new position in shares of Coursera in the first quarter worth about $35,000. Covestor Ltd raised its stake in shares of Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after buying an additional 1,846 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after buying an additional 580 shares during the period. Finally, MQS Management LLC bought a new position in shares of Coursera in the first quarter worth about $162,000. 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.