Coursera (NYSE:COUR) Price Target Cut to $20.00

Coursera (NYSE:COUR) had its target price dropped by stock analysts at KeyCorp from $24.00 to $20.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 70.50% from the stock’s previous close.

A number of other research firms also recently issued reports on COUR. William Blair reissued an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Needham & Company LLC increased their price objective on shares of Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $26.00 price objective on shares of Coursera in a research report on Wednesday, April 17th. Morgan Stanley lowered their price objective on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, Truist Financial increased their price objective on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

Coursera Trading Down 1.6 %

NYSE:COUR opened at $11.73 on Wednesday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -15.23 and a beta of 1.48. The company’s 50-day moving average is $14.26 and its two-hundred day moving average is $17.37. Coursera has a 12-month low of $10.02 and a 12-month high of $21.26.

Coursera (NYSE:COUR) last released its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $168.88 million for the quarter, compared to analyst estimates of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. On average, equities research analysts forecast that Coursera will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Michele M. Meyers sold 2,540 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.86, for a total transaction of $42,824.40. Following the transaction, the chief accounting officer now directly owns 206,059 shares in the company, valued at $3,474,154.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $20.06, for a total value of $1,003,000.00. Following the sale, the chief executive officer now directly owns 2,551,930 shares in the company, valued at $51,191,715.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michele M. Meyers sold 2,540 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.86, for a total value of $42,824.40. Following the completion of the sale, the chief accounting officer now owns 206,059 shares in the company, valued at $3,474,154.74. The disclosure for this sale can be found here. Insiders have sold 653,932 shares of company stock worth $10,054,814 over the last ninety days. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Coursera

Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new stake in Coursera in the third quarter valued at $38,000. Daiwa Securities Group Inc. increased its holdings in shares of Coursera by 13.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Coursera during the third quarter valued at $115,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Coursera during the fourth quarter valued at $204,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Coursera during the fourth quarter valued at $208,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.