Wall Street Zen Upgrades Coursera (NYSE:COUR) to “Buy”

by · The Cerbat Gem

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

Several other analysts also recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Coursera in a research report on Wednesday, June 24th. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and boosted their target price for the company from $5.50 to $6.50 in a research note on Monday, August 3rd. Zacks Research lowered shares of Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.55.

Check Out Our Latest Stock Report on Coursera

Coursera Price Performance

COUR stock opened at $5.04 on Friday. The company’s 50 day simple moving average is $5.70 and its 200-day simple moving average is $5.73. Coursera has a 12 month low of $5.00 and a 12 month high of $12.32. The firm has a market capitalization of $1.33 billion, a PE ratio of -7.51, a P/E/G ratio of 0.63 and a beta of 1.26.

Coursera (NYSE:COUR – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. The firm had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The company’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. As a group, sell-side analysts anticipate that Coursera will post 0.16 earnings per share for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the sale, the senior vice president directly owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. This trade represents a 3.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently bought and sold shares of COUR. Optiver Holding B.V. acquired a new position in shares of Coursera in the 1st quarter valued at $31,000. Versant Capital Management Inc increased its holdings in shares of Coursera by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock worth $31,000 after buying an additional 2,152 shares during the last quarter. IFP Advisors Inc raised its position in shares of Coursera by 299.7% in the 2nd quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock worth $33,000 after buying an additional 4,433 shares during the period. Clearstead Trust LLC purchased a new position in shares of Coursera in the 4th quarter worth $39,000. Finally, Allworth Financial LP acquired a new position in Coursera in the second quarter valued at $40,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Company Profile

(Get Free Report)

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor’s and master’s degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.

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