Needham & Company LLC Cuts Coursera (NYSE:COUR) Price Target to $15.00

Coursera (NYSE:COUR) had its price objective cut by analysts at Needham & Company LLC from $23.00 to $15.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 53.69% from the company’s previous close.

Several other research analysts have also issued reports on COUR. Telsey Advisory Group restated an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research report on Thursday, April 25th. Morgan Stanley decreased their price target on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. KeyCorp decreased their price target on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Truist Financial lifted their price target on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and an average price target of $16.85.

Coursera Price Performance

Shares of NYSE:COUR opened at $9.76 on Tuesday. Coursera has a 12 month low of $9.68 and a 12 month high of $21.26. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -14.14 and a beta of 1.48. The stock’s 50 day moving average price is $13.93 and its 200 day moving average price is $17.20.

Coursera (NYSE:COUR) last announced its earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) earnings per share. On average, sell-side analysts expect that Coursera will post -0.47 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the transaction, the senior vice president now directly owns 167,798 shares in the company, valued at approximately $2,775,378.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Michele M. Meyers sold 2,540 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were 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 in the company, valued at approximately $3,474,154.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the transaction, 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 three months, insiders have sold 603,932 shares of company stock worth $9,051,814. Corporate insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Coursera

Several institutional investors and hedge funds have recently modified their holdings of COUR. SG Americas Securities LLC acquired a new stake in shares of Coursera in the 3rd quarter valued at $355,000. Bailard Inc. lifted its stake in shares of Coursera by 1.0% in the 3rd quarter. Bailard Inc. now owns 91,440 shares of the company’s stock valued at $1,709,000 after purchasing an additional 866 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Coursera by 35.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,405 shares of the company’s stock valued at $344,000 after purchasing an additional 4,818 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Coursera by 6.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,277 shares of the company’s stock valued at $1,669,000 after purchasing an additional 5,782 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Coursera in the 3rd quarter valued at $246,000. Institutional investors and hedge funds 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.