Coursera (NYSE:COUR) Price Target Cut to $11.00 by Analysts at Needham & Company LLC

Coursera (NYSE:COUR) had its price target decreased by Needham & Company LLC from $15.00 to $11.00 in a report released on Friday, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other brokerages have also recently commented on COUR. Cantor Fitzgerald raised shares of Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group cut their target price on Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of Coursera in a research note on Friday, July 26th. KeyCorp dropped their price target on Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, BMO Capital Markets raised their price objective on shares of Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coursera presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.93.

Coursera Price Performance

Shares of COUR stock opened at $6.88 on Friday. The stock has a market capitalization of $1.07 billion, a PE ratio of -9.97 and a beta of 1.42. The business’s 50 day simple moving average is $7.80 and its 200 day simple moving average is $8.22. Coursera has a one year low of $6.29 and a one year high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $170.30 million for the quarter, compared to analyst estimates of $164.67 million. During the same period in the prior year, the firm posted ($0.20) EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts expect that Coursera will post -0.44 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. 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 in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of Coursera during the first quarter valued at about $2,355,000. Mutual of America Capital Management LLC boosted its holdings in Coursera by 84.5% during the first 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 during the last quarter. GSA Capital Partners LLP grew its position in Coursera by 72.1% in the 1st quarter. GSA Capital Partners LLP now owns 127,368 shares of the company’s stock worth $1,786,000 after purchasing an additional 53,362 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Coursera by 479.9% in the 1st quarter. Quantbot Technologies LP now owns 119,288 shares of the company’s stock valued at $1,672,000 after buying an additional 98,718 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

About Coursera

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.