Coursera (NYSE:COUR) Rating Lowered to “Hold” at Wall Street Zen

by · The Markets Daily

Coursera (NYSE:COUR – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts have also weighed in on COUR. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Coursera in a report on Wednesday, June 24th. Bank of America reduced 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. KeyCorp reiterated an “overweight” rating on shares of Coursera in a research report on Wednesday, June 24th. Telsey Advisory Group reduced their price objective on Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, BMO Capital Markets boosted their price objective on Coursera from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.50.

View Our Latest Research Report on Coursera

Coursera Stock Down 0.1%

Shares of Coursera stock opened at $5.37 on Friday. The stock has a market capitalization of $908.46 million, a P/E ratio of -14.12, a price-to-earnings-growth ratio of 1.77 and a beta of 1.23. The company has a 50-day simple moving average of $5.52 and a 200 day simple moving average of $5.90. Coursera has a 12-month low of $5.00 and a 12-month high of $13.56.

Coursera (NYSE:COUR – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $195.70 million for the quarter, compared to the consensus estimate of $195.17 million. Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share. On average, equities analysts anticipate that Coursera will post 0.07 earnings per share for the current year.

Coursera declared that its Board of Directors has authorized a share buyback program on Monday, May 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 55.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total transaction of $7,683,789.28. Following the sale, the insider directly owned 419,784 shares of the company’s stock, valued at $2,199,668.16. This represents a 77.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Alan B. Cardenas sold 9,139 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.52, for a total transaction of $50,447.28. Following the completion of the sale, the senior vice president directly owned 255,934 shares of the company’s stock, valued at approximately $1,412,755.68. This represents a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,009,139 shares of company stock worth $10,643,180 over the last quarter. 16.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in Coursera in the fourth quarter valued at about $25,000. Optiver Holding B.V. acquired a new position in Coursera during the 1st quarter valued at about $31,000. Versant Capital Management Inc boosted its stake in shares of Coursera by 63.2% in the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock valued at $31,000 after purchasing an additional 2,152 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after buying an additional 3,415 shares during the period. Finally, Clearstead Trust LLC bought a new stake in shares of Coursera during the fourth quarter worth approximately $39,000. Institutional investors own 89.55% of the company’s stock.

About Coursera

(Get Free Report)

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

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