Coursera, Inc. (NYSE:COUR – Get Rating) has received a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.15.
Several equities research analysts have recently issued reports on the company. Truist Financial decreased their price objective on Coursera from $20.00 to $17.00 in a report on Thursday, October 27th. Morgan Stanley decreased their price objective on Coursera from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, October 25th. Finally, UBS Group lifted their target price on Coursera to $15.00 in a report on Wednesday, November 16th.
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Insiders Place Their Bets
In other Coursera news, Director Amanda Clark sold 9,598 shares of the business's stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $13.79, for a total transaction of $132,356.42. Following the transaction, the director now owns 55,752 shares in the company, valued at $768,820.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Coursera news, Director Andrew Y. Ng sold 40,000 shares of the business's stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $12.95, for a total transaction of $518,000.00. Following the transaction, the director now owns 7,290,398 shares in the company, valued at $94,410,654.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amanda Clark sold 9,598 shares of Coursera stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $13.79, for a total value of $132,356.42. Following the sale, the director now directly owns 55,752 shares in the company, valued at $768,820.08. The disclosure for this sale can be found here.
Institutional Trading of Coursera
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Titleist Asset Management LTD. purchased a new stake in shares of Coursera during the fourth quarter worth about $177,000. Yarbrough Capital LLC purchased a new stake in shares of Coursera during the fourth quarter worth about $115,000. DNB Asset Management AS increased its position in shares of Coursera by 25.2% during the fourth quarter. DNB Asset Management AS now owns 24,720 shares of the company's stock worth $292,000 after acquiring an additional 4,975 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Coursera by 10.2% during the third quarter. Bank of New York Mellon Corp now owns 492,489 shares of the company's stock worth $5,308,000 after acquiring an additional 45,623 shares during the last quarter. Finally, Values First Advisors Inc. increased its position in shares of Coursera by 21.6% during the third quarter. Values First Advisors Inc. now owns 31,300 shares of the company's stock worth $337,000 after acquiring an additional 5,550 shares during the last quarter. 62.31% of the stock is owned by hedge funds and other institutional investors.
Coursera Stock Up 0.5 %
COUR stock opened at $13.37 on Wednesday. Coursera has a 52-week low of $9.81 and a 52-week high of $24.01. The stock's fifty day simple moving average is $12.93 and its 200-day simple moving average is $12.92. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -11.14 and a beta of 1.41.
Coursera (NYSE:COUR – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.01. Coursera had a negative return on equity of 23.68% and a negative net margin of 34.51%. The business had revenue of $136.39 million for the quarter, compared to analysts' expectations of $128.38 million. As a group, analysts anticipate that Coursera will post -1.13 earnings per share for the current fiscal year.
Coursera Company Profile
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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.
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