Coursera (NYSE:COUR) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Coursera (NYSE:COUR) in a research report sent to investors on Thursday, Benzinga reports. Telsey Advisory Group currently has a $25.00 price target on the stock.

Several other analysts also recently issued reports on the stock. Cantor Fitzgerald reaffirmed an overweight rating and issued a $26.00 price target on shares of Coursera in a report on Wednesday, April 17th. Truist Financial boosted their price target on Coursera from $17.00 to $20.00 and gave the stock a hold rating in a report on Friday, February 2nd. William Blair reiterated an outperform rating on shares of Coursera in a research report on Friday, February 2nd. KeyCorp reduced their target price on shares of Coursera from $24.00 to $20.00 and set an overweight rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group lowered shares of Coursera from a neutral rating to a sell rating and cut their price objective for the company from $18.00 to $14.00 in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $21.70.

Coursera Stock Performance

COUR opened at $11.97 on Thursday. Coursera has a 1-year low of $10.27 and a 1-year high of $21.26. The stock’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $17.31.

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

Insider Activity at Coursera

In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the transaction, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at $2,881,908. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $12.00, for a total transaction of $34,560.00. Following the completion of the sale, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at $2,881,908. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the sale, the chief executive officer now owns 2,177,496 shares of the company’s stock, valued at $25,933,977.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 653,932 shares of company stock worth $10,054,814. 16.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 valued at $198,390,000 after acquiring an additional 570,177 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Coursera by 41.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after purchasing an additional 22,353 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Coursera during the third quarter worth about $585,000. FMR LLC boosted its position in shares of Coursera by 4,271.1% in the third quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after buying an additional 135,096 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Coursera by 1,167.6% in the third quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock worth $3,643,000 after buying an additional 179,537 shares during the period. Hedge funds and other 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.