Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Coursera Drops Despite Strong Analyst Kudos

Published 05/05/2021, 11:36 AM
Updated 05/05/2021, 11:37 AM
© Reuters.

© Reuters.

By Christiana Sciaudone

Investing.com -- Is there a course on profiting? Coursera dropped 6% after reporting a loss for the first quarter. 

The online learning platform published a loss per share of 40 cents, compared to 45 cents a year earlier, with revenue of $88.4 million, versus $53.8 million for the same period in 2020. The company forecast second quarter revenue of $89 million to $93 million.

While the results may not have done much for investors, analysts are pretty happy with Coursera, which started trading March 31.   

Coursera is "firing on all cylinders," Morgan Stanley (NYSE:MS)'s Josh Baer said regarding the first quarter results, maintaining a buy-equivalent rating and raising the price target to $58 from $55, according to StreetInsider. 

“Coursera beat every estimate and metric we track in Q1," Baer wrote. "We see positive estimate revisions ahead as the durability of growth and margin expansion is underestimated."

Telsey called the first quarter results "impressive," and also increased the price target.

"We believe Coursera’s consistent focus on growing its content catalog and member base, combined with enhancements to its technology platform, should continue to boost results in 2021 and beyond,” according to analyst Sarang Vora.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.