Morgan Stanley Cuts Coursera (NYSE:COUR) Price Target to $15.00

Coursera (NYSE:COUR) had its target price cut by investment analysts at Morgan Stanley from $21.00 to $15.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 53.69% from the stock’s current price.

Several other analysts have also recently weighed in on COUR. The Goldman Sachs Group cut shares of Coursera from a “neutral” rating to a “sell” rating and cut their price target for the company from $18.00 to $14.00 in a report on Friday, January 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research note on Thursday, April 25th. Cantor Fitzgerald reduced their price target on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday. KeyCorp decreased 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. Finally, Royal Bank of Canada reduced their price objective on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.85.

Coursera Stock Performance

NYSE:COUR opened at $9.76 on Tuesday. The stock has a fifty day moving average of $13.93 and a 200 day moving average of $17.20. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -14.14 and a beta of 1.48. Coursera has a 52-week low of $9.68 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $169.10 million for the quarter, compared to the consensus estimate of $170.43 million. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) earnings per share. Equities analysts forecast that Coursera will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $20.14, for a total transaction of $503,500.00. Following the transaction, the chief executive officer now directly owns 2,551,930 shares of the company’s stock, valued at approximately $51,395,870.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Coursera news, Director Amanda Clark sold 1,562 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $26,319.70. Following the sale, the director now directly owns 67,252 shares of the company’s stock, valued at $1,133,196.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total transaction of $503,500.00. Following the transaction, the chief executive officer now directly owns 2,551,930 shares of the company’s stock, valued at $51,395,870.20. The disclosure for this sale can be found here. Insiders have sold 603,932 shares of company stock worth $9,051,814 in the last 90 days. 15.90% of the stock is currently owned by insiders.

Institutional Trading of Coursera

Several hedge funds have recently bought and sold shares of COUR. Baillie Gifford & Co. raised its holdings in Coursera by 43.1% during the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after buying an additional 7,773,508 shares during the period. Norges Bank purchased a new position in Coursera in the 4th quarter worth about $52,804,000. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Coursera by 164.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after buying an additional 1,098,701 shares during the period. Emory University purchased a new position in Coursera during the 4th quarter valued at about $17,893,000. Finally, Inflection Point Investments LLP purchased a new stake in shares of Coursera in the 4th quarter worth approximately $14,526,000. Hedge funds and other 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.