Posted by admin on Apr 13th, 2022 
Coursera (NYSE:COUR – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.
According to Zacks, “Coursera Inc. is an online learning platform. It partners with university and industry partners to offer a broad catalog of content and credentials, including Guided Projects, courses, Specializations, certificates and bachelor’s and master’s degrees. Coursera Inc. is based in Mountain View, United States. “
COUR has been the subject of several other reports. KeyCorp reduced their price target on Coursera from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, February 3rd. Cantor Fitzgerald assumed coverage on Coursera in a research report on Tuesday, March 29th. They issued an “overweight” rating and a $30.00 price target for the company. The Goldman Sachs Group raised Coursera from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Friday, January 7th. Citigroup reduced their price target on Coursera from $55.00 to $45.00 in a research report on Friday, February 11th. Finally, DA Davidson reduced their target price on Coursera from $47.00 to $38.00 in a research report on Thursday, February 3rd. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $41.71.
Shares of COUR stock traded up $0.86 during mid-day trading on Wednesday, hitting $22.92. The stock had a trading volume of 684,655 shares, compared to its average volume of 1,016,486. Coursera has a 12-month low of $16.32 and a 12-month high of $53.28. The firm has a market capitalization of $3.29 billion and a price-to-earnings ratio of -16.73. The stock has a 50-day moving average of $20.33.
Coursera (NYSE:COUR – Get Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.08). The company had revenue of $115.00 million during the quarter, compared to the consensus estimate of $111.73 million. Coursera had a negative return on equity of 28.61% and a negative net margin of 34.97%. The company’s revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.54) earnings per share. As a group, research analysts predict that Coursera will post -1 EPS for the current year.
In other news, insider Shravan Goli sold 100,000 shares of the company’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $21.36, for a total value of $2,136,000.00. Following the sale, the insider now owns 259,533 shares in the company, valued at $5,543,624.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Y. Ng sold 40,000 shares of the stock in a transaction that occurred on Tuesday, January 18th. The stock was sold at an average price of $21.22, for a total value of $848,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 225,372 shares of company stock worth $4,783,444.
Hedge funds have recently modified their holdings of the business. Verition Fund Management LLC boosted its position in Coursera by 181.3% during the third quarter. Verition Fund Management LLC now owns 40,715 shares of the company’s stock worth $1,289,000 after purchasing an additional 26,241 shares in the last quarter. Sycomore Asset Management acquired a new position in shares of Coursera during the third quarter valued at approximately $7,566,000. Neuberger Berman Group LLC raised its holdings in shares of Coursera by 1.1% during the third quarter. Neuberger Berman Group LLC now owns 90,577 shares of the company’s stock valued at $2,867,000 after acquiring an additional 957 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Coursera by 13.8% during the third quarter. Daiwa Securities Group Inc. now owns 4,317 shares of the company’s stock valued at $136,000 after acquiring an additional 524 shares during the last quarter. Finally, Yarbrough Capital LLC acquired a new position in shares of Coursera during the fourth quarter valued at approximately $237,000. Institutional investors own 73.91% of the company’s stock.
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.
Featured Articles
Get a free copy of the Zacks research report on Coursera (COUR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coursera Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Coursera and related companies with MarketBeat.com’s FREE daily email newsletter.
Zacks: Brokerages Expect Cardiovascular Systems, Inc. (NASDAQ:CSII) Will Post Quarterly Sales of $57.52 Million
Brokerages Anticipate CNO Financial Group, Inc. (NYSE:CNO) to Post $0.57 Earnings Per Share
