Coursera (NYSE:COUR) Announces Earnings Results, Beats Expectations By $0.08 EPS

Coursera (NYSE:COUR) released its earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08, Briefing.com reports. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.77%. The firm had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. During the same period in the previous year, the firm earned ($0.20) earnings per share. Coursera’s revenue was up 10.8% compared to the same quarter last year. Coursera updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Coursera Trading Up 44.7 %

Shares of NYSE COUR traded up $3.31 during trading on Friday, reaching $10.72. 24,935,554 shares of the stock were exchanged, compared to its average volume of 2,341,494. The business’s 50-day moving average price is $7.29 and its 200 day moving average price is $12.16. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26.

Insider Transactions at Coursera

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total transaction of $480,000.00. Following the transaction, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total value of $480,000.00. Following the sale, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amanda Clark sold 8,093 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the completion of the sale, the director now directly owns 76,266 shares in the company, valued at $588,773.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,192 shares of company stock valued at $797,237. Corporate insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on COUR shares. Morgan Stanley lowered their target price on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. BMO Capital Markets boosted their target price on shares of Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group decreased their price objective on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Coursera in a research note on Friday. Finally, Truist Financial decreased their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.10.

About Coursera

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.