Coursera (NYSE:COUR) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Coursera (NYSE:COUR) in a research report sent to investors on Monday, Benzinga reports. Cantor Fitzgerald currently has a $17.00 price target on the stock.

A number of other brokerages also recently commented on COUR. Needham & Company LLC restated a buy rating and issued a $19.00 target price on shares of Coursera in a research note on Friday, July 28th. KeyCorp upped their price target on shares of Coursera from $17.00 to $18.00 and gave the stock an overweight rating in a research report on Friday, July 28th. Truist Financial upped their price target on shares of Coursera from $12.00 to $15.00 and gave the stock a hold rating in a research report on Friday, July 28th. Finally, Telsey Advisory Group reaffirmed an outperform rating and issued a $20.00 price target on shares of Coursera in a research report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $18.78.

Coursera Trading Up 2.7 %

COUR opened at $18.71 on Monday. Coursera has a 1-year low of $9.81 and a 1-year high of $19.00. The company has a market capitalization of $2.80 billion, a PE ratio of -18.17 and a beta of 1.76. The firm’s 50 day simple moving average is $15.87 and its two-hundred day simple moving average is $13.30.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, July 27th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.06. The firm had revenue of $153.70 million for the quarter, compared to the consensus estimate of $145.71 million. Coursera had a negative net margin of 26.19% and a negative return on equity of 21.21%. Equities analysts forecast that Coursera will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $12.98, for a total value of $649,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,741,778 shares of the company’s stock, valued at approximately $35,588,278.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Kenneth R. Hahn sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $16.06, for a total transaction of $401,500.00. Following the transaction, the chief financial officer now directly owns 651,349 shares in the company, valued at $10,460,664.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $12.98, for a total transaction of $649,000.00. Following the transaction, the chief executive officer now owns 2,741,778 shares of the company’s stock, valued at approximately $35,588,278.44. The disclosure for this sale can be found here. In the last three months, insiders sold 746,858 shares of company stock worth $11,305,470. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in Coursera in the 4th quarter valued at about $137,598,000. Invenomic Capital Management LP grew its holdings in shares of Coursera by 709.3% during the 2nd quarter. Invenomic Capital Management LP now owns 1,934,393 shares of the company’s stock valued at $25,186,000 after purchasing an additional 1,695,383 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Coursera by 16.5% during the 2nd quarter. BlackRock Inc. now owns 8,027,863 shares of the company’s stock valued at $104,523,000 after purchasing an additional 1,134,436 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Coursera by 207.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,360,873 shares of the company’s stock valued at $15,676,000 after purchasing an additional 918,943 shares during the last quarter. Finally, Baillie Gifford & Co. grew its holdings in shares of Coursera by 3.5% during the 1st quarter. Baillie Gifford & Co. now owns 18,742,509 shares of the company’s stock valued at $215,914,000 after purchasing an additional 635,813 shares during the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Coursera Company Profile

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.