Coursera (NYSE:COUR) Price Target Cut to $10.00

Coursera (NYSE:COUR) had its price objective lowered by Royal Bank of Canada from $18.00 to $10.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also commented on the company. Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target for the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Monday, October 21st. KeyCorp reduced their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday. Needham & Company LLC lowered their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday. Finally, Morgan Stanley reduced their target price on Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.66.

Coursera Trading Down 9.8 %

COUR stock opened at $6.88 on Friday. The firm’s 50-day moving average price is $7.80 and its two-hundred day moving average price is $8.30. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -9.96 and a beta of 1.42. Coursera has a 12-month low of $6.29 and a 12-month high of $21.26.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. Coursera’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.20) EPS. Equities analysts predict that Coursera will post -0.44 EPS for the current year.

Insider Buying and Selling at Coursera

In other news, Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the transaction, the director now owns 7,203,892 shares in the company, valued at $60,512,692.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the sale, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC increased its holdings in shares of Coursera by 84.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock worth $3,191,000 after purchasing an additional 104,236 shares in the last quarter. M&G Plc bought a new stake in Coursera in the 2nd quarter worth about $5,048,000. SG Americas Securities LLC raised its position in Coursera by 461.8% in the 1st quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock worth $1,127,000 after buying an additional 66,056 shares during the last quarter. Acadian Asset Management LLC raised its position in Coursera by 231.5% in the 1st quarter. Acadian Asset Management LLC now owns 465,869 shares of the company’s stock worth $6,528,000 after buying an additional 325,327 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Coursera by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after acquiring an additional 536,890 shares during the period. 89.55% of the stock is 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.