Coursera’s (COUR) Overweight Rating Reaffirmed at Cantor Fitzgerald

Coursera (NYSE:COUR)‘s stock had its “overweight” rating reiterated by investment analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $17.00 price objective on the stock. Cantor Fitzgerald’s price objective suggests a potential downside of 9.19% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Truist Financial boosted their price objective on Coursera from $12.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, July 28th. KeyCorp boosted their price target on Coursera from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Coursera in a research report on Friday, July 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Coursera in a research note on Friday, July 28th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.78.

Coursera Stock Up 2.7 %

Coursera stock traded up $0.50 during midday trading on Monday, hitting $18.72. The company’s stock had a trading volume of 689,757 shares, compared to its average volume of 1,103,642. The stock’s 50-day moving average price is $15.76 and its 200-day moving average price is $13.24. Coursera has a 12 month low of $9.81 and a 12 month high of $18.78. The company has a market capitalization of $2.80 billion, a PE ratio of -18.20 and a beta of 1.76.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.06. Coursera had a negative return on equity of 21.21% and a negative net margin of 26.19%. The company had revenue of $153.70 million during the quarter, compared to analyst estimates of $145.71 million. As a group, equities analysts anticipate that Coursera will post -0.76 EPS for the current year.

Insider Activity

In related news, Director Andrew Y. Ng sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $12.98, for a total value of $649,000.00. Following the completion of the transaction, the director now directly owns 7,321,584 shares in the company, valued at approximately $95,034,160.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andrew Y. Ng sold 50,000 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $12.98, for a total value of $649,000.00. Following the sale, the director now owns 7,321,584 shares in the company, valued at approximately $95,034,160.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shravan Goli sold 28,000 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $13.67, for a total value of $382,760.00. Following the transaction, the chief operating officer now owns 953,285 shares in the company, valued at approximately $13,031,405.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 748,504 shares of company stock worth $11,066,170. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently added to or reduced their stakes in the business. HRT Financial LP purchased a new position in Coursera in the fourth quarter worth $1,027,000. Jump Financial LLC grew its position in Coursera by 212.2% during the 1st quarter. Jump Financial LLC now owns 117,567 shares of the company’s stock worth $1,354,000 after acquiring an additional 79,913 shares during the last quarter. MQS Management LLC bought a new stake in shares of Coursera in the 1st quarter worth approximately $170,000. California State Teachers Retirement System grew its position in shares of Coursera by 54.8% in the 1st quarter. California State Teachers Retirement System now owns 148,920 shares of the company’s stock worth $1,716,000 after buying an additional 52,727 shares during the last quarter. Finally, William Marsh Rice University bought a new stake in shares of Coursera in the 1st quarter worth approximately $483,000. 64.36% of the stock is currently owned by institutional investors.

Coursera Company Profile

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, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.