Coursera (NYSE:COUR) Price Target Cut to $10.50 by Analysts at The Goldman Sachs Group

Coursera (NYSE:COUR) had its price objective lowered by The Goldman Sachs Group from $15.00 to $10.50 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a sell rating on the stock.

A number of other research analysts also recently issued reports on COUR. Cantor Fitzgerald reduced their price objective on Coursera from $26.00 to $21.00 and set an overweight rating for the company in a research note on Tuesday. William Blair restated an outperform rating on shares of Coursera in a research note on Friday, February 2nd. BMO Capital Markets reduced their price objective on Coursera from $20.00 to $13.00 and set an outperform rating for the company in a research note on Wednesday. Morgan Stanley cut their price target on Coursera from $21.00 to $15.00 and set an overweight rating for the company in a research note on Tuesday. Finally, KeyCorp cut their price target on Coursera from $24.00 to $20.00 and set an overweight rating for the company in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $16.85.

Coursera Trading Down 4.5 %

NYSE COUR opened at $9.76 on Wednesday. The firm has a market capitalization of $1.54 billion, a P/E ratio of -14.14 and a beta of 1.48. The business has a fifty day simple moving average of $13.93 and a 200 day simple moving average of $17.20. Coursera has a 12 month low of $9.68 and a 12 month high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $169.10 million during the quarter, compared to the consensus estimate of $170.43 million. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.24) EPS. As a group, sell-side analysts predict that Coursera will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the completion of the transaction, the chief executive officer now owns 2,177,496 shares in the company, valued at approximately $25,933,977.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the completion of the transaction, the chief accounting officer now owns 240,159 shares in the company, valued at approximately $2,881,908. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the completion of the transaction, the chief executive officer now owns 2,177,496 shares of the company’s stock, valued at approximately $25,933,977.36. The disclosure for this sale can be found here. Insiders sold a total of 603,932 shares of company stock worth $9,051,814 in the last quarter. 15.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Coursera in the 3rd quarter valued at about $355,000. Bailard Inc. raised its holdings in shares of Coursera by 1.0% in the 3rd quarter. Bailard Inc. now owns 91,440 shares of the company’s stock valued at $1,709,000 after acquiring an additional 866 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Coursera by 35.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,405 shares of the company’s stock valued at $344,000 after acquiring an additional 4,818 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Coursera by 6.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,277 shares of the company’s stock valued at $1,669,000 after acquiring an additional 5,782 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Coursera in the 3rd quarter valued at about $246,000. Institutional investors own 89.55% of the company’s stock.

About Coursera

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.