Telsey Advisory Group Reaffirms Outperform Rating for Coursera (NYSE:COUR)

Telsey Advisory Group reaffirmed their outperform rating on shares of Coursera (NYSE:COUR) in a research report sent to investors on Monday morning, Benzinga reports. Telsey Advisory Group currently has a $18.00 price objective on the stock.

COUR has been the topic of several other research reports. Truist Financial cut their price target 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 dropped their price objective on Coursera from $15.00 to $10.50 and set a sell rating on the stock in a research report on Wednesday, May 1st. Royal Bank of Canada dropped their price objective on Coursera from $25.00 to $18.00 and set an outperform rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a buy rating and set a $15.00 price objective on shares of Coursera in a research report on Friday, May 17th. Finally, KeyCorp dropped their price objective on Coursera from $14.00 to $12.00 and set an overweight rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $15.35.

Coursera Stock Down 3.7 %

COUR stock opened at $7.22 on Monday. The business’s fifty day simple moving average is $7.27 and its two-hundred day simple moving average is $12.26. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -10.46 and a beta of 1.44.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The firm had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) earnings per share. Research analysts expect that Coursera will post -0.45 EPS for the current year.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 6,283 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the completion of the sale, the senior vice president now owns 220,589 shares of the company’s stock, valued at $1,888,241.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total transaction of $480,000.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,283 shares of Coursera stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the sale, the senior vice president now directly owns 220,589 shares of the company’s stock, valued at approximately $1,888,241.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,192 shares of company stock valued at $797,237. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new stake in shares of Coursera during the second quarter worth about $9,525,000. M&G Plc acquired a new stake in shares of Coursera during the second quarter worth about $5,048,000. CWM LLC raised its position in Coursera by 7,568.6% during 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 in the last quarter. Quent Capital LLC raised its position in Coursera by 25.0% during the second quarter. Quent Capital LLC now owns 25,000 shares of the company’s stock valued at $179,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in Coursera by 4.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 317,776 shares of the company’s stock valued at $4,455,000 after acquiring an additional 12,238 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.