Coursera (NYSE:COUR) PT Lowered to $21.00

Coursera (NYSE:COUR) had its target price dropped by analysts at Cantor Fitzgerald from $26.00 to $21.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 115.16% from the stock’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley cut their price objective on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. William Blair reiterated an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. Truist Financial increased their price objective on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price target on shares of Coursera in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.85.

Coursera Trading Down 4.5 %

Shares of Coursera stock opened at $9.76 on Tuesday. Coursera has a 12-month low of $9.68 and a 12-month high of $21.26. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -14.14 and a beta of 1.48. The firm’s 50 day simple moving average is $13.93 and its two-hundred day simple moving average is $17.20.

Coursera (NYSE:COUR) last released its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $169.10 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) earnings per share. On average, sell-side analysts predict that Coursera will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the transaction, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at $2,775,378.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Alan B. Cardenas sold 5,864 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total transaction of $96,990.56. Following the sale, the senior vice president now owns 167,798 shares of the company’s stock, valued at $2,775,378.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 603,932 shares of company stock valued at $9,051,814. Corporate insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Coursera

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Coursera by 5.7% during the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after acquiring an additional 570,177 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Coursera by 41.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after acquiring an additional 22,353 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Coursera during the third quarter valued at about $585,000. FMR LLC increased its position in shares of Coursera by 4,271.1% during the third quarter. FMR LLC now owns 138,259 shares of the company’s stock valued at $2,584,000 after acquiring an additional 135,096 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Coursera by 1,167.6% during the third quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock valued at $3,643,000 after acquiring an additional 179,537 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.