Coursera (NYSE:COUR) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Coursera (NYSE:COUR) released its quarterly earnings data on Monday. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06, Briefing.com reports. The business had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) EPS. Coursera updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Coursera Stock Down 4.5 %

COUR opened at $9.76 on Thursday. The business has a 50 day moving average price of $13.93 and a two-hundred day moving average price of $17.20. Coursera has a 52 week low of $9.68 and a 52 week high of $21.26.

Insider Buying and Selling at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $842,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,524,525 shares of the company’s stock, valued at approximately $42,538,246.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Michele M. Meyers sold 2,880 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 240,159 shares of the company’s stock, valued at approximately $2,881,908. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total value of $842,500.00. Following the transaction, the chief executive officer now directly owns 2,524,525 shares of the company’s stock, valued at $42,538,246.25. The disclosure for this sale can be found here. Insiders sold a total of 603,932 shares of company stock valued at $9,051,814 in the last ninety days. Insiders own 16.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research report on Thursday, April 25th. Truist Financial lowered their price objective on Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday. BMO Capital Markets lowered their price objective on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday. Cantor Fitzgerald reduced their target price on Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group reduced their target price 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 assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.85.

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.