Coursera (COUR) to Release Quarterly Earnings on Monday

Coursera (NYSE:COUR) is set to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Coursera has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, topping 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 business had revenue of $168.88 million during the quarter, compared to analysts’ expectations of $163.64 million. On average, analysts expect Coursera to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Coursera Stock Performance

NYSE COUR opened at $11.97 on Friday. Coursera has a fifty-two week low of $10.27 and a fifty-two week high of $21.26. The stock has a 50 day simple moving average of $14.16 and a two-hundred day simple moving average of $17.32. The stock has a market cap of $1.88 billion, a P/E ratio of -15.55 and a beta of 1.48.

Insider Buying and Selling at Coursera

In other Coursera news, CAO Michele M. Meyers sold 2,540 shares of Coursera stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.86, for a total transaction of $42,824.40. Following the completion of the transaction, the chief accounting officer now owns 206,059 shares in the company, valued at $3,474,154.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the completion of the sale, the chief executive officer now owns 2,177,496 shares of the company’s stock, valued at approximately $25,933,977.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michele M. Meyers sold 2,540 shares of Coursera stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.86, for a total value of $42,824.40. Following the completion of the sale, the chief accounting officer now directly owns 206,059 shares of the company’s stock, valued at approximately $3,474,154.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 653,932 shares of company stock worth $10,054,814. 16.30% of the stock is owned by insiders.

Analyst Ratings Changes

COUR has been the subject of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Morgan Stanley lowered their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Telsey Advisory Group restated an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research note on Thursday. Truist Financial raised their target price on Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.70.

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.