Coursera's (COUR) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Coursera (NYSE:COUR - Free Report) in a report released on Monday morning, Benzinga reports. The brokerage currently has a $18.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group lowered their target price on shares of Coursera from $10.50 to $9.00 and set a "sell" rating for the company in a research note on Friday, July 26th. Cantor Fitzgerald upgraded shares of Coursera to a "strong-buy" rating in a research note on Tuesday, August 13th. Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of Coursera in a research note on Friday, July 26th. KeyCorp decreased their price objective on shares of Coursera from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. Finally, Bank of America began coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a "buy" rating and a $11.00 price objective for the company. One equities 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.73.

Coursera Trading Down 0.8 %

Shares of COUR stock traded down $0.06 on Monday, reaching $7.61. 2,689,360 shares of the stock were exchanged, compared to its average volume of 2,161,468. The business's 50 day moving average price is $7.86 and its 200 day moving average price is $8.40. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -11.03 and a beta of 1.42. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Coursera by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company's stock valued at $159,909,000 after buying an additional 254,108 shares in the last quarter. Millennium Management LLC grew its position in shares of Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock valued at $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Coursera by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company's stock valued at $19,007,000 after purchasing an additional 15,694 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company's stock valued at $23,185,000 after purchasing an additional 1,014,316 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Coursera in the second quarter valued at approximately $9,525,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Company Profile

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.