Coursera Inc. (NYSE:COUR) shares traded -0.38% lower at $12.97 on Wall Street last session.
In accordance with the data, 13 analysts cover Coursera Inc. (NYSE:COUR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $12.00, we find $17.00. Given the previous closing price of $13.02, this indicates a potential upside of 30.57 percent. COUR stock price is now 6.54% away from the 50-day moving average and 4.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.98B.
It has been rated a hold by 5 analysts and a buy by 8. Brokers who have rated the stock have averaged $16.45 as their price target over the next twelve months.
With the price target reduced from $17.50 to $12, Truist Downgraded its rating from Buy to Hold for Coursera Inc. (NYSE: COUR).
In other news, Maggioncalda Jeffrey Nacey, President & CEO sold 50,000 shares of the company’s stock on Jun 22. The stock was sold for $648,845 at an average price of $12.98. Upon completion of the transaction, the President & CEO now directly owns 2,741,778 shares in the company, valued at $35.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21, Director Ng Andrew Y. sold 25,000 shares of the business’s stock. A total of $327,468 was realized by selling the stock at an average price of $13.10. This leaves the insider owning 7,296,584 shares of the company worth $94.64 million. Insiders disposed of 10,207,214 shares of company stock worth roughly $132.39 million over the past 1 year. A total of 10.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COUR stock. A new stake in Coursera Inc. shares was purchased by INCLUSIVE CAPITAL PARTNERS, L.P. during the first quarter worth $16,766,000. INVENOMIC CAPITAL MANAGEMENT LP invested $3,114,000 in shares of COUR during the first quarter. In the first quarter, FIRST TRUST ADVISORS LP acquired a new stake in Coursera Inc. valued at approximately $868,000. JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in COUR for approximately $655,000. UTAH RETIREMENT SYSTEMS purchased a new stake in COUR valued at around $551,000 in the second quarter. In total, there are 255 active investors with 78.60% ownership of the company’s stock.
Coursera Inc. (NYSE: COUR) opened at $13.02 on Monday. During the past 12 months, Coursera Inc. has had a low of $9.81 and a high of $17.59. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.20, and a quick ratio of 3.20. The fifty day moving average price for COUR is $12.17 and a two-hundred day moving average price translates $12.41 for the stock.
The latest earnings results from Coursera Inc. (NYSE: COUR) was released for Mar, 2023. According to the Education & Training Services Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.11 by 0.08. This compares to -$0.27 EPS in the same period last year. The net profit margin was -30.80% and return on equity was -24.20% for COUR. The company reported revenue of $147.64 million for the quarter, compared to $120.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.59 percent. For the current quarter, analysts expect COUR to generate $145.86M in revenue.
Coursera Inc.(COUR) Company Profile
Coursera, Inc. operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education. Coursera, Inc. was formerly known as Dkandu, Inc. and changed its name to Coursera, Inc. in April 2012. The company was incorporated in 2011 and is headquartered in Mountain View, California.
