Coursera’s (COUR) Overweight Rating Reiterated at Cantor Fitzgerald

Coursera (NYSE:COUR)‘s stock had its “overweight” rating restated by investment analysts at Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They currently have a $26.00 price objective on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 118.49% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Telsey Advisory Group lifted their price target on shares of Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Truist Financial lifted their target price on Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, February 2nd. The Goldman Sachs Group cut Coursera from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $18.00 to $14.00 in a research report on Friday, January 19th. William Blair reaffirmed an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

Coursera Price Performance

Shares of COUR opened at $11.90 on Wednesday. The firm has a market capitalization of $1.87 billion, a P/E ratio of -15.45 and a beta of 1.48. Coursera has a one year low of $9.91 and a one year high of $21.26. The business has a fifty day moving average of $14.79 and a 200 day moving average of $17.58.

Coursera (NYSE:COUR) last released its quarterly 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 return on equity of 18.15% and a negative net margin of 18.33%. The business had revenue of $168.88 million during the quarter, compared to the consensus estimate of $163.64 million. Analysts expect that Coursera will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In other news, 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 completion of the transaction, the senior vice president now owns 167,798 shares in the company, valued at $2,775,378.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Coursera news, Director Andrew Y. Ng sold 50,000 shares of Coursera stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $12.09, for a total value of $604,500.00. Following the completion of the transaction, the director now directly owns 7,058,074 shares of the company’s stock, valued at approximately $85,332,114.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alan B. Cardenas sold 5,864 shares of the business’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 completion of the sale, the senior vice president now owns 167,798 shares in the company, valued at $2,775,378.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 614,802 shares of company stock worth $9,673,854. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of Coursera in the 3rd quarter valued at approximately $38,000. Point72 Hong Kong Ltd purchased a new position in Coursera during the second quarter worth $31,000. FMR LLC boosted its stake in Coursera by 187.5% during the second quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after buying an additional 1,543 shares during the period. KBC Group NV purchased a new stake in shares of Coursera in the fourth quarter valued at $46,000. Finally, Point72 Middle East FZE bought a new stake in shares of Coursera in the 4th quarter worth about $46,000. Hedge funds and other 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.