Coursera (NYSE:COUR) Stock Rating Reaffirmed by Telsey Advisory Group

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They presently have a $25.00 target price on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 109.91% from the company’s current price.

COUR has been the subject of a number of other research reports. The Goldman Sachs Group cut shares of Coursera from a “neutral” rating to a “sell” rating and cut their target price for the stock from $18.00 to $14.00 in a research note on Friday, January 19th. Needham & Company LLC lifted 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $26.00 price objective on shares of Coursera in a research note on Wednesday, April 17th. William Blair reiterated an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Finally, Morgan Stanley dropped their price objective on shares of 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.70.

Coursera Stock Performance

NYSE COUR opened at $11.91 on Thursday. The firm has a 50-day moving average of $14.36 and a 200-day moving average of $17.41. The stock has a market cap of $1.87 billion, a PE ratio of -15.47 and a beta of 1.48. Coursera has a 52-week low of $9.91 and a 52-week high of $21.26.

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

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 5,864 shares of Coursera stock in a transaction that occurred 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 sale, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amanda Clark sold 1,562 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $26,319.70. Following the sale, the director now directly owns 67,252 shares in the company, valued at $1,133,196.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 653,932 shares of company stock valued at $10,054,814. 16.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Coursera by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock worth $198,390,000 after purchasing an additional 570,177 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Coursera by 41.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock worth $1,414,000 after purchasing an additional 22,353 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Coursera in the 3rd quarter worth approximately $585,000. FMR LLC lifted its position in shares of Coursera by 4,271.1% in the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after purchasing an additional 135,096 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Coursera by 1,167.6% in the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock worth $3,643,000 after purchasing an additional 179,537 shares during the period. Institutional investors and hedge funds 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.