Coursera (NYSE:COUR) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Coursera (NYSE:COUR) in a report published on Friday, Benzinga reports. They currently have a $15.00 target price on the stock.

COUR has been the topic of several other reports. Royal Bank of Canada cut their price objective on Coursera from $25.00 to $18.00 and set an outperform rating on the stock in a research report on Tuesday, April 30th. KeyCorp dropped their target price on Coursera from $14.00 to $12.00 and set an overweight rating on the stock in a report on Monday, July 22nd. Morgan Stanley decreased their price target on Coursera from $21.00 to $15.00 and set an overweight rating for the company in a report on Tuesday, April 30th. The Goldman Sachs Group reduced their target price on shares of Coursera from $15.00 to $10.50 and set a sell rating on the stock in a research report on Wednesday, May 1st. Finally, Truist Financial lowered their price target on shares of Coursera from $20.00 to $12.00 and set a hold rating for the company in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Coursera presently has an average rating of Moderate Buy and a consensus price target of $15.10.

Coursera Price Performance

NYSE COUR opened at $9.34 on Friday. Coursera has a 1-year low of $6.35 and a 1-year high of $21.26. The firm has a market capitalization of $1.46 billion, a P/E ratio of -13.54 and a beta of 1.44. The business’s 50-day simple moving average is $7.31 and its 200-day simple moving average is $11.99.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. 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 for the quarter, compared to analysts’ expectations of $164.67 million. During the same period in the previous year, the company posted ($0.20) earnings per share. Coursera’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Coursera will post -0.45 EPS for the current fiscal year.

Insider Transactions at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total transaction of $480,000.00. Following the sale, the chief executive officer now owns 2,127,496 shares in the company, valued at $20,423,961.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the 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 sale, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard J. Jacquet sold 16,273 shares of Coursera stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total transaction of $152,966.20. Following the completion of the transaction, the senior vice president now directly owns 249,456 shares of the company’s stock, valued at $2,344,886.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,192 shares of company stock valued at $797,237. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Hedge funds have recently made changes to their positions in the stock. Panagora Asset Management Inc. bought a new position in Coursera during the 2nd quarter worth $3,162,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Coursera by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,243 shares of the company’s stock valued at $181,000 after purchasing an additional 3,375 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Coursera by 15.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,760 shares of the company’s stock valued at $3,385,000 after purchasing an additional 62,312 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Coursera in the second quarter valued at approximately $9,525,000. Finally, M&G Plc bought a new position in Coursera in the 2nd quarter worth approximately $5,048,000. Institutional investors own 89.55% of the company’s stock.

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.