Scotiabank Remains a Hold on Coursera (COUR)

Scotiabank analyst Nat Schindler maintained a Hold rating on Coursera today and set a price target of $7.00.

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According to TipRanks, Schindler is a 3-star analyst with an average return of 2.8% and a 44.57% success rate. Schindler covers the Communication Services sector, focusing on stocks such as Alphabet Class C, Trade Desk, and Nexxen International.

Currently, the analyst consensus on Coursera is a Moderate Buy with an average price target of $8.21.

Based on Coursera’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $195.7 million and a GAAP net loss of $20.5 million. In comparison, last year the company earned a revenue of $179.3 million and had a GAAP net loss of $7.8 million

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COUR in relation to earlier this year. Earlier this month, Insight Holdings Group, LLC, a Major Shareholder at COUR sold 1,921,372.00 shares for a total of $10,140,789.28.