Brokers Offer Predictions for Coursera, Inc.’s Q3 2024 Earnings (NYSE:COUR)
Coursera, Inc. (NYSE:COUR – Free Report) – Equities researchers at William Blair reduced their Q3 2024 earnings estimates for shares of Coursera in a research report issued on Tuesday, April 30th. William Blair analyst S. Sheldon now forecasts that the company will post earnings of ($0.13) per share for the quarter, down from their previous estimate of ($0.12). William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Coursera’s current full-year earnings is ($0.47) per share. William Blair also issued estimates for Coursera’s FY2024 earnings at ($0.46) EPS and FY2025 earnings at ($0.38) EPS.
Coursera (NYSE:COUR – Get Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The company had revenue of $169.10 million during the quarter, compared to the consensus estimate of $170.43 million. During the same quarter in the prior year, the company posted ($0.24) EPS. The firm’s revenue was up 14.6% on a year-over-year basis.
A number of other research firms have also issued reports on COUR. Telsey Advisory Group reiterated an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research note on Thursday, April 25th. BMO Capital Markets lowered their price target on Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday. Cantor Fitzgerald cut their price objective on Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday. Needham & Company LLC lowered their target price on Coursera from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group cut their price target on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Coursera presently has an average rating of “Moderate Buy” and a consensus price target of $16.85.
Get Our Latest Research Report on Coursera
Coursera Stock Up 0.8 %
Shares of COUR stock opened at $9.61 on Friday. Coursera has a 12 month low of $9.46 and a 12 month high of $21.26. The company has a market cap of $1.51 billion, a PE ratio of -14.19 and a beta of 1.57. The business’s 50 day moving average is $13.67 and its two-hundred day moving average is $17.09.
Insiders Place Their Bets
In related news, COO Shravan Goli sold 35,450 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.48, for a total value of $584,216.00. Following the sale, the chief operating officer now owns 737,641 shares of the company’s stock, valued at $12,156,323.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Coursera news, COO Shravan Goli sold 35,450 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total transaction of $584,216.00. Following the completion of the transaction, the chief operating officer now directly owns 737,641 shares in the company, valued at $12,156,323.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the transaction, the senior vice president now owns 167,798 shares in the company, valued at $2,775,378.92. The disclosure for this sale can be found here. Insiders have sold 578,932 shares of company stock worth $8,548,314 over the last 90 days. Corporate insiders own 16.30% of the company’s stock.
Hedge Funds Weigh In On Coursera
A number of institutional investors and hedge funds have recently bought and sold shares of COUR. Baillie Gifford & Co. lifted its position in Coursera by 43.1% during the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after buying an additional 7,773,508 shares in the last quarter. Norges Bank acquired a new position in shares of Coursera during the fourth quarter worth approximately $52,804,000. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Coursera by 164.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after purchasing an additional 1,098,701 shares in the last quarter. Emory University acquired a new stake in shares of Coursera in the fourth quarter valued at approximately $17,893,000. Finally, Inflection Point Investments LLP bought a new position in Coursera in the 4th quarter worth approximately $14,526,000. Institutional investors and hedge funds 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.
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