Coursera (NYSE:COUR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Coursera (NYSE:COUR) from a hold rating to a buy rating in a report published on Sunday morning.

COUR has been the subject of a number of other research reports. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a report on Wednesday, December 17th. Royal Bank Of Canada decreased their price target on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 price objective on shares of Coursera in a research note on Wednesday, December 17th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of Coursera in a report on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Coursera currently has an average rating of “Hold” and an average target price of $12.27.

Coursera Stock Up 0.4%

Shares of Coursera stock opened at $6.51 on Friday. The business has a 50-day moving average price of $7.55 and a 200 day moving average price of $9.47. Coursera has a fifty-two week low of $5.76 and a fifty-two week high of $13.56. The firm has a market cap of $1.08 billion, a P/E ratio of -22.43 and a beta of 1.37.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, October 23rd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $194.20 million during the quarter, compared to analyst estimates of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. As a group, equities research analysts anticipate that Coursera will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the sale, the senior vice president owned 237,828 shares in the company, valued at approximately $1,943,054.76. This trade represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its stake in Coursera by 683.2% during the 4th quarter. State of Alaska Department of Revenue now owns 70,210 shares of the company’s stock valued at $515,000 after acquiring an additional 61,245 shares in the last quarter. Baillie Gifford & Co. grew its position in Coursera by 97.0% in the 4th quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock valued at $107,389,000 after buying an additional 7,184,167 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Coursera by 310.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 163,461 shares of the company’s stock valued at $1,203,000 after buying an additional 123,683 shares during the period. Oak Thistle LLC bought a new stake in shares of Coursera during the 4th quarter worth about $102,000. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Coursera by 10.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 43,446 shares of the company’s stock worth $320,000 after acquiring an additional 4,012 shares during the period. 89.55% of the stock is owned by institutional investors.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.