KeyCorp Trims Coursera (NYSE:COUR) Target Price to $20.00

Coursera (NYSE:COUR) had its price target reduced by KeyCorp from $24.00 to $20.00 in a research report report published on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

COUR has been the subject of a number of other research reports. Cantor Fitzgerald reiterated an overweight rating and issued a $26.00 target price on shares of Coursera in a research note on Wednesday, April 17th. The Goldman Sachs Group lowered shares of Coursera from a neutral rating to a sell rating and lowered their price target for the company from $18.00 to $14.00 in a report on Friday, January 19th. Needham & Company LLC raised their price target on shares of Coursera from $21.00 to $23.00 and gave the company a buy rating in a report on Friday, February 2nd. William Blair reissued an outperform rating on shares of Coursera in a report on Friday, February 2nd. Finally, Telsey Advisory Group raised their price target on shares of Coursera from $24.00 to $25.00 and gave the company an outperform rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $21.70.

Coursera Trading Up 1.9 %

NYSE:COUR opened at $11.97 on Wednesday. Coursera has a 1 year low of $10.27 and a 1 year high of $21.26. The firm has a 50 day moving average of $14.16 and a 200-day moving average of $17.32.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The company had revenue of $168.88 million during the quarter, compared to analysts’ expectations of $163.64 million. On average, equities research analysts predict that Coursera will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the completion of the sale, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at approximately $2,881,908. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total transaction of $503,500.00. Following the completion of the sale, the chief executive officer now owns 2,551,930 shares of the company’s stock, valued at approximately $51,395,870.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction 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 directly 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 653,932 shares of company stock valued at $10,054,814. Company insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its position in shares of Coursera by 13.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after purchasing an additional 580 shares in the last quarter. Bailard Inc. boosted its position in shares of Coursera by 1.0% during the third quarter. Bailard Inc. now owns 91,440 shares of the company’s stock worth $1,709,000 after purchasing an additional 866 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Coursera by 9.4% during the third quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after purchasing an additional 1,029 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Coursera by 6.0% during the fourth quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock worth $404,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of Coursera by 7.5% during the third quarter. Aviva PLC now owns 23,077 shares of the company’s stock worth $431,000 after purchasing an additional 1,607 shares in 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.