Coursera (NYSE:COUR) Given New $9.00 Price Target at The Goldman Sachs Group

Coursera (NYSE:COUR) had its price target reduced by The Goldman Sachs Group from $10.50 to $9.00 in a research report report published on Friday morning, Benzinga reports. They currently have a sell rating on the stock.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group restated an outperform rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, July 22nd. Cantor Fitzgerald lowered their price target on shares of Coursera from $26.00 to $21.00 and set an overweight rating on the stock in a research report on Tuesday, April 30th. KeyCorp cut their price objective on shares of Coursera from $14.00 to $12.00 and set an overweight rating for the company in a report on Monday, July 22nd. Needham & Company LLC reissued a buy rating and set a $15.00 target price on shares of Coursera in a report on Friday. Finally, Morgan Stanley cut their price target on Coursera from $21.00 to $15.00 and set an overweight rating for the company in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $15.10.

Coursera Stock Performance

NYSE COUR opened at $9.34 on Friday. The company has a market capitalization of $1.46 billion, a PE ratio of -13.54 and a beta of 1.44. Coursera has a 52-week low of $6.35 and a 52-week high of $21.26. The company has a 50-day simple moving average of $7.31 and a 200 day simple moving average of $11.99.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.77%. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same quarter last year, the business posted ($0.20) EPS. Coursera’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts forecast that Coursera will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total value of $480,000.00. Following the sale, the chief executive officer now owns 2,127,496 shares of the company’s stock, valued at approximately $20,423,961.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Amanda Clark sold 8,093 shares of Coursera stock in a transaction on Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the completion of the sale, the director now directly owns 76,266 shares of the company’s stock, valued at approximately $588,773.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total transaction of $480,000.00. Following the completion of the transaction, the chief executive officer now owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The disclosure for this sale can be found here. Insiders sold a total of 86,192 shares of company stock worth $797,237 over the last ninety days. 16.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coursera

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Coursera by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock worth $198,390,000 after acquiring an additional 570,177 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Coursera in the 4th quarter valued at about $387,000. Aspiriant LLC grew its position in Coursera by 90.8% during the 4th quarter. Aspiriant LLC now owns 22,473 shares of the company’s stock worth $435,000 after acquiring an additional 10,693 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of Coursera during the fourth quarter valued at approximately $2,390,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Coursera by 17.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,528 shares of the company’s stock valued at $417,000 after buying an additional 3,123 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other 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.