Coursera (NYSE:COUR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Coursera (NYSE:COUR) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

COUR has been the subject of several other research reports. Zacks Research lowered Coursera from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Bank of America dropped their price target on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. KeyCorp reiterated an “overweight” rating on shares of Coursera in a report on Wednesday, June 24th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Coursera in a report on Wednesday, June 24th. Finally, Weiss Ratings cut shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Coursera has an average rating of “Moderate Buy” and an average price target of $8.55.

Coursera Price Performance

Shares of NYSE COUR opened at $5.16 on Friday. Coursera has a 1 year low of $4.98 and a 1 year high of $12.32. The company’s 50-day moving average is $5.69 and its 200 day moving average is $5.73. The stock has a market capitalization of $1.36 billion, a P/E ratio of -7.70, a P/E/G ratio of 0.63 and a beta of 1.26.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The business had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. Coursera’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. Research analysts anticipate that Coursera will post 0.16 earnings per share for the current year.

Insider Activity at Coursera

In other news, SVP Alan Cardenas sold 9,139 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the sale, the senior vice president directly owned 236,237 shares of the company’s stock, valued at $1,348,913.27. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in shares of Coursera by 63.2% in the second quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock valued at $31,000 after purchasing an additional 2,152 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of Coursera by 5.1% in the 1st quarter. Edgestream Partners L.P. now owns 50,568 shares of the company’s stock worth $294,000 after buying an additional 2,435 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Coursera by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after buying an additional 2,439 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Coursera by 68.6% in the 2nd quarter. Allworth Financial LP now owns 7,052 shares of the company’s stock worth $40,000 after buying an additional 2,870 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Coursera by 299.7% during the 2nd quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock valued at $33,000 after buying an additional 4,433 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor’s and master’s degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.