Coursera, Inc. Stock Research

Market Summary

USD10.87+0.27

Delayed

2.55%

COUR Alerts

4 major insider sales recently.
Losses in recent quarter

COUR Stock Price

COUR RSI Chart

COUR Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

-9.17

Price/Sales (Trailing)

3.07

EV/EBITDA

-8.46

Price/Free Cashflow

-42.26

COUR Price/Sales (Trailing)

COUR Profitability

Operating Margin

63.29%

EBT Margin

-32.58%

Return on Equity

-25.25%

Return on Assets

-18.51%

Free Cashflow Yield

-2.37%

COUR Fundamentals

COUR Revenue

Revenue (TTM)

523.8M

Revenue Y/Y

23.68%

Revenue Q/Q

4.25%

COUR Earnings

Earnings (TTM)

-175.4M

Earnings Y/Y

-8.34%

Earnings Q/Q

-43.51%

Price Action

52 Week Range

9.8124.01

(Low)(High)

Last 7 days

-8.0%

Last 30 days

-14.4%

Last 90 days

-9.8%

Trailing 12 Months

-48.9%

COUR Financial Health

Current Ratio

3.61

COUR Investor Care

Shares Dilution (1Y)

4.25%

Diluted EPS (TTM)

-1.21

Financials for Coursera

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.5%	523,756,000	496,532,000	470,023,000	447,358,000	415,287,000
Gross Profit	5.3%	331,479,000	314,891,000	295,041,000	277,562,000	249,469,000
Operating Expenses	5.2%	508,859,000	483,735,000	458,963,000	439,434,000	392,532,000
S&GA Expenses	1.9%	227,676,000	223,351,000	210,115,000	198,391,000	179,337,000
R&D Expenses	2.8%	165,134,000	160,630,000	155,150,000	151,225,000	135,410,000
EBITDA	-3.1%	-152,134,000	-147,567,000	-146,053,000	-128,332,000	-
EBITDA Margin	7.5%	-0.29	-0.31	-0.33	-0.31	-
Earnings Before Taxes	-1.6%	-170,637,000	-167,947,000	-164,574,000	-162,061,000	-143,089,000
EBT Margin	3.7%	-0.33	-0.34	-0.35	-0.36	-
Interest Expenses	NaN%	0.00	0.00	-	-	-
Net Income	-2.3%	-175,357,000	-171,378,000	-167,791,000	-164,820,000	-145,215,000
Net Income Margin	3.0%	-0.33	-0.35	-0.36	-0.37	-
Free Cahsflow	-19.6%	-38,051,000	-31,804,000	-25,854,000	-32,164,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.9%	948	956	952	947	959
Current Assets	-1.4%	876	888	884	878	892
Cash Equivalents	-24.5%	321	425	380	361	581
Net PPE	-3.6%	27.00	28.00	28.00	26.00	25.00
Liabilities	2.3%	253	247	237	218	217
Current Liabilities	2.8%	242	236	224	204	201
Shareholder's Equity	-2.0%	695	709	716	729	742
Retained Earnings	-8.4%	-664	-612	-576	-527	-488
Additional Paid-In Capital	2.8%	1,364	1,328	1,299	1,262	1,235
Accumulated Depreciation	12.9%	37.00	32.00	29.00	25.00	-
Shares Outstanding	1.0%	148	146	146	144	142

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-19.6%	-38.05	-31.80	-25.85	-32.16	2.00
Share Based Compensation	11.7%	111	99.00	96.00	108	91.00
Cashflow From Investing	35.9%	-234	-365	-372	-314	-51.61
Cashflow From Financing	-39.8%	12.00	20.00	28.00	550	550

Risks for COUR

What is the probability of a big loss on COUR?

95.2%

Probability that Coursera stock will be more than 20% underwater in next one year

95.2%

Probability that Coursera stock will be more than 30% underwater in next one year.

75%

Probability that Coursera stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does COUR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Coursera was unfortunately bought at previous high price.

Drawdowns

Returns for COUR

Cumulative Returns on COUR

Which funds bought or sold COUR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.05	11,292	123,292	-%
2023-03-10	BAILLIE GIFFORD & CO	added	0.99	20,917,200	214,202,000	0.22%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-11.75	-1,000	34,000	-%
2023-02-28	Voya Investment Management LLC	added	15.32	-21,192,600	782,424	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	268,000	3,023,000	0.03%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	662	2,662	-%
2023-02-17	Coppell Advisory Solutions Corp.	new	-	1,183	1,183	-%
2023-02-16	MAVERICK CAPITAL LTD	new	-	393,560	393,560	0.01%
2023-02-15	Virtu Financial LLC	new	-	141,000	141,000	0.02%
2023-02-15	MetLife Investment Management, LLC	unchanged	-	62,813	705,813	0.01%

Latest Funds Activity

Are funds buying COUR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own COUR

No. of Funds

Coursera News

Schedule 13G FIlings of Coursera

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	caledonia (private) investments pty ltd	5.13%	7,514,739	SC 13G
Feb 14, 2023	norges bank	8.40%	12,309,945	SC 13G/A
Feb 14, 2023	ng andrew y.	5.6%	8,371,743	SC 13G/A
Feb 13, 2023	capital research global investors	0.0%	0	SC 13G/A
Feb 09, 2023	vanguard group inc	6.08%	8,905,346	SC 13G/A
Jan 20, 2023	baillie gifford & co	12.35%	18,106,696	SC 13G/A
Feb 11, 2022	capital research global investors	5.2%	7,253,098	SC 13G
Feb 10, 2022	ng andrew y.	6.2%	8,881,743	SC 13G/A
Feb 09, 2022	vanguard group inc	6.35%	8,930,050	SC 13G
Feb 08, 2022	norges bank	5.64%	7,928,331	SC 13G/A

COUR Fair Value

Coursera fair value in different scenarios

The table shows the Fair Value estimates for Coursera for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	1.61 -85.19%	2.17 -80.04%	3.35 -69.18%	4.81 -55.75%	6.27 -42.32%
Current Inflation	1.58 -85.46%	2.07 -80.96%	3.11 -71.39%	4.37 -59.80%	5.63 -48.21%
Very High Inflation	1.53 -85.92%	1.96 -81.97%	2.82 -74.06%	3.85 -64.58%	4.88 -55.11%

Historical Coursera Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Coursera

View All Filings

Date Filed	Form Type	Document
Mar 22, 2023	4	Insider Trading
Mar 20, 2023	144	Notice of Insider Sale Intent
Mar 20, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 16, 2023	144	Notice of Insider Sale Intent
Mar 16, 2023	144	Notice of Insider Sale Intent
Mar 16, 2023	144	Notice of Insider Sale Intent
Mar 09, 2023	8-K	Current Report

Latest Insider Trading transactions for COUR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-20	Maggioncalda Jeffrey Nacey	acquired	128,000	2.56	50,000	president & ceo
2023-03-20	Maggioncalda Jeffrey Nacey	sold	-549,035	10.9807	-50,000	president & ceo
2023-03-16	JACQUET RICHARD J	sold	-374,567	11.7489	-31,881	svp, chief people officer
2023-03-16	Belsky Leah F.	acquired	85,696	7.91	10,834	chief revenue officer
2023-03-16	Goli Shravan	acquired	174,890	2.23	78,426	chief operating officer
2023-03-16	Belsky Leah F.	sold	-586,846	11.7482	-49,952	chief revenue officer
2023-03-16	Goli Shravan	sold	-1,303,070	11.7395	-110,999	chief operating officer
2023-03-15	Chang Carmen	sold	-14,496	11.8243	-1,226	-
2023-02-15	SANDELL SCOTT D	acquired	-	-	24,695	-
2023-02-15	Cappel Anne Tuttle	sold (taxes)	-47,622	15.65	-3,043	svp general counsel, secretary

About Coursera

Jeffrey N. Maggioncalda

www.coursera.org

1140

Coursera, Inc. operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education. Coursera, Inc. was formerly known as Dkandu, Inc. and changed its name to Coursera, Inc. in April 2012. The company was incorporated in 2011 and is headquartered in Mountain View, California.

COUR Income Statement

2022-12-31

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 523,756	$ 415,287	$ 293,511
Cost of revenue	192,277	165,818	138,846
Gross profit	331,479	249,469	154,665
Operating expenses:
Research and development	165,134	135,410	76,784
Sales and marketing	227,676	179,337	107,249
General and administrative	105,900	77,785	37,215
Restructuring charges	10,149	0	0
Total operating expenses	508,859	392,532	221,248
Loss from operations	(177,380)	(143,063)	(66,583)
Interest income	9,144	320	1,163
Other (expense) income, net	(2,401)	(346)	120
Loss before income taxes	(170,637)	(143,089)	(65,300)
Income tax expense	4,720	2,126	1,515
Net loss	$ (175,357)	$ (145,215)	$ (66,815)
Net loss per share-basic	$ (1.21)	$ (1.28)	$ (1.80)
Net loss per share-diluted	$ (1.21)	$ (1.28)	$ (1.80)
Weighted average shares used in computing net loss per share-basic	145,263,726	113,587,523	37,207,492
Weighted average shares used in computing net loss per share-diluted	145,263,726	113,587,523	37,207,492

COUR Balance Sheet

2022-12-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 320,817	$ 580,658
Marketable securities	459,654	241,117
Accounts receivable, net of allowance for credit losses of $495 and $105 as of December 31, 2022 and December 31, 2021, respectively	53,734	34,396
Deferred costs, net	24,147	19,666
Prepaid expenses and other current assets	17,636	16,494
Total current assets	875,988	892,331
Property, equipment and software, net	27,096	24,725
Operating lease right-of-use assets	9,605	16,321
Intangible assets, net	8,553	10,091
Other assets	26,355	15,442
Total assets	947,597	958,910
Current liabilities:
Educator partners payable	66,375	49,206
Other accounts payable and accrued expenses	23,342	23,257
Accrued compensation and benefits	21,163	18,353
Operating lease liabilities, current	8,658	8,031
Deferred revenue, current	115,701	94,637
Other current liabilities	7,202	7,639
Total current liabilities	242,441	201,123
Operating lease liabilities, non-current	5,791	11,864
Deferred revenue, non-current	3,076	3,851
Other liabilities	1,714	559
Total liabilities	253,022	217,397
Commitments and contingencies (Note 12)
Stockholders' equity:
Preferred stock, $0.00001 par value-10,000,000 shares authorized as of December 31, 2022 and December 31, 2021; no shares issued and outstanding as of December 31, 2022 and December 31, 2021	0	0
Common stock, $0.00001 par value-300,000,000 shares authorized as of December 31, 2022 and December 31, 2021; 150,683,607 shares issued and 147,935,669 shares outstanding as of December 31, 2022, and 144,653,979 shares issued and 141,906,041 shares outstanding as of December 31, 2021	1	1
Additional paid-in capital	1,364,116	1,235,231
Treasury stock at cost, 2,747,938 shares as of December 31, 2022 and December 31, 2021	(4,701)	(4,701)
Accumulated other comprehensive loss	(718)	(252)
Accumulated deficit	(664,123)	(488,766)
Total stockholders' equity	694,575	741,513
Total liabilities and stockholders' equity	$ 947,597	$ 958,910