Telsey Advisory Group Reaffirms “Outperform” Rating for Coursera (NYSE:COUR)

Telsey Advisory Group reaffirmed their outperform rating on shares of Coursera (NYSE:COUR) in a report released on Thursday, Benzinga reports. The brokerage currently has a $25.00 price target on the stock.

A number of other research analysts also recently commented on the stock. Cantor Fitzgerald reissued an overweight rating and set a $26.00 target price on shares of Coursera in a research report on Wednesday, April 17th. Needham & Company LLC raised their price objective on shares of Coursera from $21.00 to $23.00 and gave the stock a buy rating in a research note on Friday, February 2nd. William Blair restated an outperform rating on shares of Coursera in a research report on Friday, February 2nd. KeyCorp decreased their price objective on shares of Coursera from $24.00 to $20.00 and set an overweight rating for the company in a research report on Wednesday. Finally, Morgan Stanley cut their price target on Coursera from $25.00 to $21.00 and set an overweight rating for the company in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Coursera presently has a consensus rating of Moderate Buy and an average target price of $21.70.

Coursera Trading Up 1.9 %

COUR stock opened at $11.97 on Thursday. Coursera has a twelve month low of $10.27 and a twelve month high of $21.26. The business’s fifty day simple moving average is $14.16 and its two-hundred day simple moving average is $17.31.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $168.88 million during the quarter, compared to analyst estimates of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. Analysts forecast that Coursera will post -0.47 EPS for the current year.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 5,864 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the sale, the senior vice president now owns 167,798 shares of the company’s stock, valued at $2,775,378.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the transaction, the senior vice president now owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $11.91, for a total transaction of $595,500.00. Following the transaction, the chief executive officer now directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 653,932 shares of company stock valued at $10,054,814. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COUR. DekaBank Deutsche Girozentrale purchased a new stake in Coursera in the 3rd quarter valued at about $38,000. Daiwa Securities Group Inc. increased its holdings in Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Coursera in the third quarter valued at approximately $115,000. Harvest Fund Management Co. Ltd acquired a new position in Coursera during the fourth quarter worth $204,000. Finally, Moran Wealth Management LLC acquired a new stake in shares of Coursera in the fourth quarter valued at $208,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.