Coursera, Inc. (NYSE:COUR – Get Rating) has earned a consensus recommendation of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.75.
Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price target on Coursera from $45.00 to $35.00 in a research report on Thursday, April 28th. Cantor Fitzgerald started coverage on Coursera in a research report on Tuesday, March 29th. They set an “overweight” rating and a $30.00 price target on the stock. The Goldman Sachs Group cut their price objective on Coursera from $28.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, June 9th. Finally, Royal Bank of Canada cut their price objective on Coursera from $50.00 to $40.00 in a report on Thursday, April 28th.
Shares of Coursera stock opened at $15.72 on Friday. The stock’s 50-day simple moving average is $17.13 and its 200 day simple moving average is $20.03. Coursera has a 52-week low of $13.36 and a 52-week high of $44.39. The stock has a market capitalization of $2.26 billion, a P/E ratio of -13.21 and a beta of 1.58.
Coursera (NYSE:COUR – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.01. Coursera had a negative return on equity of 22.08% and a negative net margin of 36.84%. The firm had revenue of $120.43 million for the quarter, compared to analysts’ expectations of $116.64 million. During the same period in the prior year, the business posted ($0.45) earnings per share. Research analysts predict that Coursera will post -1.08 earnings per share for the current fiscal year.
In other Coursera news, insider Betty M. Vandenbosch sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $23.11, for a total value of $346,650.00. Following the completion of the sale, the insider now owns 162,431 shares in the company, valued at $3,753,780.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shravan Goli sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $21.36, for a total value of $2,136,000.00. Following the completion of the sale, the insider now owns 259,533 shares of the company’s stock, valued at approximately $5,543,624.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 471,762 shares of company stock valued at $8,462,967.
Several institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC raised its holdings in shares of Coursera by 4.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 12,754 shares of the company’s stock valued at $312,000 after acquiring an additional 598 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Coursera by 7.4% during the first quarter. Teacher Retirement System of Texas now owns 10,157 shares of the company’s stock valued at $234,000 after acquiring an additional 697 shares in the last quarter. Davy Global Fund Management Ltd raised its holdings in shares of Coursera by 4.7% during the fourth quarter. Davy Global Fund Management Ltd now owns 20,976 shares of the company’s stock valued at $513,000 after acquiring an additional 949 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Coursera by 1.1% during the fourth quarter. PDT Partners LLC now owns 141,296 shares of the company’s stock valued at $3,453,000 after acquiring an additional 1,598 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Coursera by 4.1% during the fourth quarter. Strs Ohio now owns 43,200 shares of the company’s stock valued at $1,055,000 after acquiring an additional 1,708 shares in the last quarter. Institutional investors own 78.93% of the company’s stock.
Coursera Company Profile (Get Rating)
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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Source: defenseworld.net
