Coursera (NYSE:COUR) PT Lowered to $12.00

Coursera (NYSE:COUR) had its target price decreased by equities research analysts at Truist Financial from $20.00 to $12.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 22.95% from the company’s previous close.

Several other equities research analysts also recently issued reports on COUR. KeyCorp lowered their price objective on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $25.00 target price on shares of Coursera in a report on Thursday, April 25th. The Goldman Sachs Group cut Coursera from a “neutral” rating to a “sell” rating and cut their price objective for the company from $18.00 to $14.00 in a report on Friday, January 19th. Finally, Morgan Stanley decreased their price objective on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.85.

Coursera Stock Down 4.5 %

NYSE COUR opened at $9.76 on Tuesday. The stock has a market capitalization of $1.54 billion, a PE ratio of -14.14 and a beta of 1.48. Coursera has a 12-month low of $9.68 and a 12-month high of $21.26. The company has a 50 day moving average price of $13.93 and a two-hundred day moving average price of $17.20.

Coursera (NYSE:COUR) last released its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The company had revenue of $169.10 million during the quarter, compared to the consensus estimate of $170.43 million. During the same quarter in the prior year, the company posted ($0.24) EPS. The firm’s revenue was up 14.6% on a year-over-year basis. As a group, equities analysts anticipate that Coursera will post -0.47 EPS for the current year.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, February 15th. The stock was 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 directly owns 2,524,525 shares of the company’s stock, valued at $42,538,246.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Alan B. Cardenas sold 5,864 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the completion of the transaction, the senior vice president now directly owns 167,798 shares in the company, valued at approximately $2,775,378.92. The disclosure for this sale can be found here. Insiders sold a total of 603,932 shares of company stock valued at $9,051,814 over the last quarter. Corporate insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

A number of hedge funds have recently modified their holdings of COUR. Baillie Gifford & Co. increased its position in shares of Coursera by 43.1% in the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after buying an additional 7,773,508 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Coursera by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after purchasing an additional 536,890 shares during the period. Eventide Asset Management LLC increased its stake in Coursera by 6.6% during the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock worth $76,275,000 after purchasing an additional 243,894 shares in the last quarter. Norges Bank bought a new position in Coursera in the fourth quarter valued at approximately $52,804,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Coursera by 38.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock worth $47,952,000 after acquiring an additional 690,931 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.