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Coursera (COUR) to Release Earnings on Thursday

Defense World · Feb 2, 2023 02:31

Coursera (NYSE:COUR – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 9th. Analysts expect Coursera to post earnings of ($0.12) per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Coursera Stock Up 1.8 %

COUR stock opened at $16.24 on Thursday. The firm has a market cap of $2.38 billion, a PE ratio of -13.53 and a beta of 1.41. The business has a 50 day moving average of $13.14 and a 200-day moving average of $12.86. Coursera has a 12-month low of $9.81 and a 12-month high of $24.01.

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Analyst Ratings Changes

Several research firms recently commented on COUR. Truist Financial dropped their price objective on Coursera from $20.00 to $17.00 in a research note on Thursday, October 27th. UBS Group upped their price objective on Coursera to $15.00 in a research note on Wednesday, November 16th. Finally, Morgan Stanley dropped their price objective on Coursera from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.64.

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 9,598 shares of the company's stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $13.79, for a total value of $132,356.42. Following the transaction, the director now owns 55,752 shares of the company's stock, valued at $768,820.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COUR. Point72 Hong Kong Ltd bought a new position in Coursera in the second quarter valued at $31,000. FMR LLC increased its stake in Coursera by 187.5% in the second quarter. FMR LLC now owns 2,366 shares of the company's stock valued at $34,000 after acquiring an additional 1,543 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in Coursera in the first quarter valued at $126,000. Delphia USA Inc. bought a new position in Coursera in the first quarter valued at $212,000. Finally, Verition Fund Management LLC bought a new position in Coursera in the second quarter valued at $144,000. Institutional investors own 62.31% of the company's stock.

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.