Coursera, Inc. (NYSE:COUR) Stock Has Consensus Price Target of $8.36 According to Analysts

Shares of Coursera, Inc. (NYSE:COUR) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.36.

COUR has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $7.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Zacks Research lowered Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Weiss Ratings cut shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Finally, Bank of America dropped their target price on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th.

Insider Buying and Selling

In other news, major shareholder Pale Fire Capital Se purchased 1,332,742 shares of the company’s stock in a transaction on Friday, September 25th. The shares were purchased at an average cost of $5.06 per share, with a total value of $6,743,674.52. Following the completion of the transaction, the insider owned 27,806,415 shares of the company’s stock, valued at $140,700,459.90. The trade was a 5.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alan Cardenas sold 9,139 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the sale, the senior vice president directly owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coursera

Several institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in 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 buying an additional 2,152 shares during the period. Edgestream Partners L.P. boosted its position in shares of Coursera by 5.1% during the first quarter. Edgestream Partners L.P. now owns 50,568 shares of the company’s stock valued at $294,000 after buying an additional 2,435 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Coursera by 54.2% during the third quarter. Farther Finance Advisors LLC now owns 7,602 shares of the company’s stock valued at $38,000 after buying an additional 2,672 shares during the last quarter. Allworth Financial LP grew its stake 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 acquiring an additional 2,870 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Coursera by 299.7% in 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 during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Trading Up 1.3%

COUR opened at $5.00 on Friday. The stock has a market capitalization of $1.32 billion, a PE ratio of -7.47, a PEG ratio of 0.62 and a beta of 1.24. Coursera has a 1-year low of $4.53 and a 1-year high of $10.77. The firm has a 50-day moving average price of $5.45 and a two-hundred day moving average price of $5.59.

Coursera (NYSE:COUR) last announced its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $298.60 million for 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share. On average, research analysts predict that Coursera will post 0.16 EPS for the current year.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. Its offerings cover subjects including business, technology, data science, health, and the arts, and are delivered through a combination of on-demand and structured learning formats.

The company serves individual learners, businesses, universities, and government organizations. Coursera partners with universities and other educational institutions, as well as technology companies and industry organizations, to develop and distribute educational content.