Coursera (NYSE:COUR) Now Covered by Analysts at Bank of America

Bank of America started coverage on shares of Coursera (NYSE:COUR) in a report released on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $11.00 price target on the stock.

Several other brokerages also recently issued reports on COUR. Telsey Advisory Group restated an outperform rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, July 22nd. Cantor Fitzgerald raised shares of Coursera to a strong-buy rating in a research note on Tuesday, August 13th. Royal Bank of Canada restated an outperform rating and set a $18.00 target price on shares of Coursera in a report on Friday, July 26th. KeyCorp dropped their target price on Coursera from $14.00 to $12.00 and set an overweight rating on the stock in a report on Monday, July 22nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Coursera from $10.50 to $9.00 and set a sell rating for the company in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coursera presently has an average rating of Moderate Buy and an average target price of $14.73.

Coursera Stock Down 3.3 %

Shares of NYSE COUR opened at $8.12 on Thursday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -11.77 and a beta of 1.42. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26. The company’s 50-day simple moving average is $8.04 and its 200-day simple moving average is $9.41.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business had revenue of $170.30 million for the quarter, compared to the consensus estimate of $164.67 million. During the same quarter in the prior year, the business posted ($0.20) EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities research analysts anticipate that Coursera will post -0.44 EPS for the current fiscal year.

Insider Transactions at Coursera

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.27, for a total value of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. The disclosure for this sale can be found here. In the last three months, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coursera

Several hedge funds have recently made changes to their positions in COUR. Dimensional Fund Advisors LP increased its position in shares of Coursera by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock valued at $42,927,000 after purchasing an additional 328,030 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Coursera by 84.5% during the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after buying an additional 104,236 shares during the last quarter. M&G Plc purchased a new position in shares of Coursera in the second quarter worth about $5,048,000. Gilder Gagnon Howe & Co. LLC increased its stake in Coursera by 164.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after purchasing an additional 1,098,701 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Coursera by 461.8% in the first quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock worth $1,127,000 after buying an additional 66,056 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.