The Goldman Sachs Group Cuts Coursera (NYSE:COUR) Price Target to $10.50

Coursera (NYSE:COUR) had its price target reduced by investment analysts at The Goldman Sachs Group from $15.00 to $10.50 in a report issued on Wednesday, Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 10.24% from the stock’s previous close.

Several other brokerages have also recently weighed in on COUR. Needham & Company LLC dropped their price target on shares of Coursera from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada dropped their price target on shares of Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Morgan Stanley dropped their price target on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets dropped their price target on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Coursera currently has an average rating of “Moderate Buy” and an average target price of $16.85.

Coursera Price Performance

COUR stock opened at $9.53 on Wednesday. The stock has a market capitalization of $1.50 billion, a PE ratio of -13.80 and a beta of 1.57. The company’s 50-day moving average is $13.80 and its 200-day moving average is $17.14. Coursera has a 1 year low of $9.46 and a 1 year high of $21.26.

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

Insider Buying and Selling at Coursera

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $842,500.00. Following the completion of the sale, the chief executive officer now owns 2,524,525 shares in the company, valued at approximately $42,538,246.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $842,500.00. Following the completion of the sale, the chief executive officer now owns 2,524,525 shares in the company, valued at approximately $42,538,246.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Michele M. Meyers sold 2,880 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $12.00, for a total transaction of $34,560.00. Following the sale, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at approximately $2,881,908. The disclosure for this sale can be found here. In the last 90 days, insiders sold 578,932 shares of company stock worth $8,548,314. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in shares of Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after acquiring an additional 580 shares during the last quarter. Bailard Inc. lifted its holdings in shares of Coursera by 1.0% during the 3rd quarter. Bailard Inc. now owns 91,440 shares of the company’s stock worth $1,709,000 after acquiring an additional 866 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Coursera by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after acquiring an additional 1,029 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Coursera by 6.0% during the 4th quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock worth $404,000 after acquiring an additional 1,181 shares during the last quarter. Finally, Aviva PLC lifted its holdings in shares of Coursera by 7.5% during the 3rd quarter. Aviva PLC now owns 23,077 shares of the company’s stock worth $431,000 after acquiring an additional 1,607 shares during the last quarter. 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.