Analyst Explains Why They Downgraded Their Rating on Coursera (COUR)

In a report released today, Scott Devitt from Stifel Nicolaus downgraded Coursera (COURResearch Report) to Hold, with a price target of $14.00. The company’s shares closed last Wednesday at $16.26, close to its 52-week low of $13.36.

According to, Devitt is a 4-star analyst with an average return of 7.4% and a 42.3% success rate. Devitt covers the Technology sector, focusing on stocks such as Zillow Group Class A, Alphabet Class A, and Clear Secure.

Currently, the analyst consensus on Coursera is a Moderate Buy with an average price target of $22.33, representing a 42.4% upside. In a report released today, Goldman Sachs also downgraded the stock to Hold with a $14.00 price target.

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Based on Coursera’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $120 million and GAAP net loss of $38.27 million. In comparison, last year the company earned revenue of $88.36 million and had a GAAP net loss of $18.66 million.

Based on the recent corporate insider activity of 138 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COUR in relation to earlier this year.

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Coursera Inc is a global online learning platform that offers anyone, anywhere access to online courses and degrees from world-class universities and companies. It combines content, data, and technology into a single, unified platform that is customizable and extensible to both individual learners and institutions. The platform will contains a catalog of high-quality content and credentials, content developed by leading university and industry partners, data and machine learning drive personalized Learning, effective marketing, and skills Benchmarking and others.

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