Coursera (NYSE:COUR) Issues Earnings Results

Coursera (NYSE:COUR) released its earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08, Briefing.com reports. The company had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.77%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.20) EPS. Coursera updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Coursera Stock Up 44.7 %

Coursera stock opened at $10.72 on Friday. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -15.54 and a beta of 1.44. The firm has a 50-day moving average price of $7.29 and a two-hundred day moving average price of $12.12.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Coursera in a research note on Friday. Morgan Stanley dropped their price target on Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Truist Financial decreased their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a research note on Monday, July 22nd. Finally, Cantor Fitzgerald raised their price target on shares of Coursera from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday. One 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 stock. According to MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.10.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 6,283 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the completion of the transaction, the senior vice president now directly owns 220,589 shares of the company’s stock, valued at approximately $1,888,241.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total transaction of $480,000.00. Following the transaction, the chief executive officer now owns 2,127,496 shares of the company’s stock, valued at approximately $20,423,961.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alan B. Cardenas sold 6,283 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $8.56, for a total transaction of $53,782.48. Following the sale, the senior vice president now owns 220,589 shares in the company, valued at $1,888,241.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,192 shares of company stock worth $797,237. 16.30% of the stock is owned by company insiders.

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.