Royal Bank of Canada Cuts Coursera (NYSE:COUR) Price Target to $10.00

Coursera (NYSE:COUR) had its target price reduced by Royal Bank of Canada from $18.00 to $10.00 in a research report released on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on COUR. Bank of America started coverage on Coursera in a report on Thursday, September 19th. They set a “buy” rating and a $11.00 price target for the company. KeyCorp dropped their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday. Cantor Fitzgerald decreased their price target on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price target on shares of Coursera in a research report on Monday, October 21st. Finally, BMO Capital Markets cut their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and an average target price of $10.93.

Coursera Stock Performance

NYSE COUR opened at $6.88 on Friday. The stock has a market cap of $1.07 billion, a PE ratio of -9.97 and a beta of 1.42. The firm has a 50-day moving average of $7.80 and a 200-day moving average of $8.22. Coursera has a 52-week low of $6.29 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last issued its quarterly earnings data 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 13.92%. The firm had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. During the same period last year, the business posted ($0.20) earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, analysts predict that Coursera will post -0.44 EPS for the current fiscal year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the transaction, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at $1,715,479.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrew Y. Ng sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the transaction, the director now directly owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,068 shares of company stock valued at $324,787. Company insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in shares of Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares in the last quarter. Natixis bought a new position in Coursera in the 1st quarter valued at approximately $35,000. Covestor Ltd boosted its position in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after buying an additional 1,846 shares during the period. nVerses Capital LLC grew its holdings in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares during the last quarter. Finally, LGT Group Foundation acquired a new position in Coursera in the 2nd quarter valued at approximately $73,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.