|Bid||35.57 x 1100|
|Ask||35.64 x 1100|
|Day's Range||35.30 - 38.58|
|52 Week Range||33.67 - 62.53|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Coursera (NYSE: COUR) closed 8% lower on Wednesday after the online education provider reported impressive revenue growth -- but even more impressive losses -- in its first quarterly earnings report since its recent initial public offering. Coursera grew its revenue 64% year over year, to $88.4 million in Q1 2021. Operating costs grew fast as well -- but not as fast as revenues, up only 56%.
Coursera dropped 6% after reporting a loss for the first quarter. 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.
The online education company has received a lift from a growing number of people changing jobs coming out of the pandemic, said CFO Ken Hahn.