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Coursera, Inc. (NYSE:COUR – Get Rating) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $25.00.
A number of research analysts have recently commented on the stock. Stifel Nicolaus lowered shares of Coursera from a “buy” rating to a “hold” rating and reduced their price target for the company from $26.00 to $14.00 in a research report on Thursday, July 28th. DA Davidson reduced their price target on shares of Coursera from $29.00 to $16.00 in a research report on Thursday, July 28th. Truist Financial reduced their price target on shares of Coursera from $35.00 to $20.00 in a research report on Thursday, July 28th. UBS Group lowered shares of Coursera from a “buy” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, Telsey Advisory Group reduced their price target on shares of Coursera from $38.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th.
Insiders Place Their Bets
In other Coursera news, insider Shravan Goli sold 34,100 shares of the business’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $15.78, for a total value of $538,098.00. Following the completion of the sale, the insider now directly owns 257,033 shares of the company’s stock, valued at $4,055,980.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coursera news, insider Shravan Goli sold 34,100 shares of the business’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $15.78, for a total value of $538,098.00. Following the completion of the sale, the insider now directly owns 257,033 shares of the company’s stock, valued at $4,055,980.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Y. Ng sold 40,000 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $16.43, for a total transaction of $657,200.00. Following the completion of the sale, the director now directly owns 7,420,398 shares of the company’s stock, valued at $121,917,139.14. The disclosure for this sale can be found here. Insiders sold 360,548 shares of company stock valued at $5,610,186 over the last three months.
Hedge Funds Weigh In On Coursera
Hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Coursera during the fourth quarter valued at about $282,000. Teacher Retirement System of Texas bought a new position in Coursera in the fourth quarter worth about $231,000. abrdn plc raised its stake in Coursera by 67.3% in the fourth quarter. abrdn plc now owns 438,668 shares of the company’s stock worth $10,721,000 after buying an additional 176,535 shares in the last quarter. Ardmore Road Asset Management LP bought a new position in Coursera in the fourth quarter worth about $1,711,000. Finally, Rhumbline Advisers raised its stake in Coursera by 23.7% in the fourth quarter. Rhumbline Advisers now owns 100,244 shares of the company’s stock worth $2,450,000 after buying an additional 19,192 shares in the last quarter. 63.56% of the stock is owned by institutional investors.
Coursera Trading Up 3.0 %
Coursera stock opened at $11.62 on Thursday. Coursera has a 1-year low of $10.71 and a 1-year high of $38.26. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -9.85 and a beta of 1.34. The firm has a 50 day simple moving average of $13.93 and a 200 day simple moving average of $16.90.
Coursera (NYSE:COUR – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.03). Coursera had a negative net margin of 35.70% and a negative return on equity of 22.81%. The business had revenue of $124.80 million during the quarter, compared to analysts’ expectations of $130.90 million. During the same quarter in the prior year, the firm posted ($0.35) earnings per share. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. On average, equities research analysts forecast that Coursera will post -1.1 EPS for the current year.
About Coursera
(Get Rating)
Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.
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