Coursera (NYSE:COUR) PT Lowered to $21.00

Coursera (NYSE:COUR) had its price target cut by research analysts at Morgan Stanley from $25.00 to $21.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 74.13% from the company’s current price.

A number of other research firms have also weighed in on COUR. Telsey Advisory Group lifted their price objective on shares of Coursera from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC boosted their price objective on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. KeyCorp raised their target price on Coursera from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. William Blair reiterated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $26.00 price target on shares of Coursera in a report on Wednesday. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

Coursera Price Performance

Shares of NYSE COUR traded up $0.16 during trading on Friday, reaching $12.06. 1,728,542 shares of the stock traded hands, compared to its average volume of 1,642,468. The stock has a market capitalization of $1.90 billion, a P/E ratio of -15.70 and a beta of 1.48. Coursera has a 52-week low of $9.91 and a 52-week high of $21.26. The company has a 50-day moving average of $14.79 and a 200-day moving average of $17.58.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. The business had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. Analysts expect that Coursera will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other news, CAO Michele M. Meyers sold 2,540 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.86, for a total value of $42,824.40. Following the transaction, the chief accounting officer now owns 206,059 shares of the company’s stock, valued at approximately $3,474,154.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Michele M. Meyers sold 2,540 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $16.86, for a total transaction of $42,824.40. Following the transaction, the chief accounting officer now directly owns 206,059 shares of the company’s stock, valued at approximately $3,474,154.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shravan Goli sold 8,750 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $17.96, for a total value of $157,150.00. Following the completion of the sale, the chief operating officer now directly owns 809,523 shares of the company’s stock, valued at approximately $14,539,033.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 614,802 shares of company stock valued at $9,673,854. 16.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new stake in Coursera during the 3rd quarter valued at $38,000. Point72 Hong Kong Ltd purchased a new position in shares of Coursera in the second quarter valued at about $31,000. FMR LLC raised its position in Coursera by 187.5% during the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock valued at $34,000 after purchasing an additional 1,543 shares during the last quarter. KBC Group NV purchased a new stake in Coursera in the 4th quarter worth approximately $46,000. Finally, Point72 Middle East FZE bought a new stake in shares of Coursera in the 4th quarter worth approximately $46,000. Institutional investors 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.