Coursera Reports First Quarter Fiscal 2021 Financial Results

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Analysts Raise Estimates and PT on Recent IPO Coursera (COUR) After a Broad-Based Q1 Beat Amid Accelerating Growth

May 5, 2021 8:00 AM EDT

Coursera (NYSE: COUR) posted stronger-than-expected results for its first quarter. This marks the first earnings report for a company that went public about 5 weeks ago.

On March 31, Coursera sold 15.73 million shares at $33.00 a piece, before rallying about 36% to trade around the $45 handle.

The Covid-19 pandemic has dramatically changed the way we learn, teach, and work, CEO Jeff Maggioncalda said in a statement.

Our strong first-quarter performance reflects the continued trend of individuals and institutions embracing online learning to develop skills for a digital future. We believe the digital transformation of... More

Coursera Inc (COUR) PT Raised to $60 at Telsey

May 5, 2021 6:35 AM EDT

Telsey analyst Sarang Vora raised the price target on Coursera Inc (NYSE: COUR) to $60.00 (from $58.00) while maintaining a Outperform rating.

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Coursera Inc. (COUR) Reports Q1 Loss of $0.40

May 4, 2021 4:24 PM EDT

Coursera Inc. (NYSE: COUR) reported Q1 EPS of ($0.40), versus ($0.45) reported last year. Revenue for the quarter came in at $88.4 million, versus $53.8 million reported last year.

GUIDANCE:

Coursera Inc. sees Q2 2021 revenue of $89-93 million.

Coursera Inc. sees FY2021 revenue... More