Analysts Set Coursera, Inc. (NYSE:COUR) Price Target at $14.73

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.73.

Several equities analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price objective on shares of Coursera in a report on Friday, July 26th. The Goldman Sachs Group cut their price target on Coursera from $10.50 to $9.00 and set a "sell" rating for the company in a report on Friday, July 26th. BMO Capital Markets lifted their price objective on Coursera from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $18.00 price target on shares of Coursera in a research note on Friday, July 26th. Finally, Bank of America assumed coverage on shares of Coursera in a research report on Thursday, September 19th. They set a "buy" rating and a $11.00 target price on the stock.

Coursera Stock Performance

COUR stock remained flat at $7.62 on Tuesday. 2,192,531 shares of the company traded hands, compared to its average volume of 2,161,632. Coursera has a 1 year low of $6.35 and a 1 year high of $21.26. The stock has a market capitalization of $1.19 billion, a PE ratio of -11.04 and a beta of 1.42. The firm's 50-day simple moving average is $7.86 and its 200 day simple moving average is $8.40.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.08. The company had revenue of $170.30 million during the quarter, compared to analysts' expectations of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm earned ($0.20) EPS. Analysts predict that Coursera will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Alan B. Cardenas sold 6,285 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the transaction, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,068 shares of company stock valued at $324,787. Insiders own 16.30% of the company's stock.

Hedge Funds Weigh In On Coursera

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Coursera by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company's stock worth $216,008,000 after acquiring an additional 536,890 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Coursera in the 1st quarter worth approximately $2,355,000. Mutual of America Capital Management LLC grew its position in Coursera by 84.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company's stock worth $3,191,000 after purchasing an additional 104,236 shares in the last quarter. GSA Capital Partners LLP raised its stake in Coursera by 72.1% during the 1st quarter. GSA Capital Partners LLP now owns 127,368 shares of the company's stock valued at $1,786,000 after purchasing an additional 53,362 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of Coursera by 479.9% in the first quarter. Quantbot Technologies LP now owns 119,288 shares of the company's stock worth $1,672,000 after buying an additional 98,718 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.