Coursera (NYSE:COUR) Receives New Coverage from Analysts at Bank of America

Bank of America initiated coverage on shares of Coursera (NYSE:COUR) in a research report released on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $11.00 price objective on the stock.

COUR has been the subject of several other research reports. The Goldman Sachs Group decreased their price target on Coursera from $10.50 to $9.00 and set a sell rating for the company in a research note on Friday, July 26th. Royal Bank of Canada reissued an outperform rating and issued a $18.00 price objective on shares of Coursera in a report on Friday, July 26th. Needham & Company LLC reissued a buy rating and set a $15.00 price objective on shares of Coursera in a research report on Friday, July 26th. Telsey Advisory Group restated an outperform rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, July 22nd. Finally, Cantor Fitzgerald upgraded Coursera to a strong-buy rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $14.73.

Coursera Trading Down 3.3 %

NYSE COUR opened at $8.12 on Thursday. Coursera has a 12 month low of $6.35 and a 12 month high of $21.26. The stock’s fifty day moving average price is $8.04 and its 200-day moving average price is $9.41. The stock has a market cap of $1.27 billion, a P/E ratio of -11.77 and a beta of 1.42.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. During the same period in the previous year, the company earned ($0.20) earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, analysts forecast that Coursera will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the sale, the director now directly owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. The disclosure for this sale can be found here. Insiders sold a total of 39,068 shares of company stock valued at $324,787 over the last 90 days. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in COUR. Dimensional Fund Advisors LP raised its holdings in shares of Coursera by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock worth $42,927,000 after acquiring an additional 328,030 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Coursera by 84.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after buying an additional 104,236 shares during the period. M&G Plc acquired a new position in Coursera in the second quarter valued at approximately $5,048,000. Gilder Gagnon Howe & Co. LLC grew its position in Coursera by 164.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after acquiring an additional 1,098,701 shares during the period. Finally, SG Americas Securities LLC increased its stake in Coursera by 461.8% during the first quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock worth $1,127,000 after acquiring an additional 66,056 shares during the last quarter. 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.