Coursera (NYSE:COUR) Price Target Cut to $13.00

Coursera (NYSE:COURGet Free Report) had its price objective dropped by stock analysts at BMO Capital Markets from $20.00 to $13.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 36.48% from the company’s previous close.

A number of other research analysts have also recently weighed in on COUR. Needham & Company LLC dropped their price objective on shares of Coursera from $23.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday. Truist Financial dropped their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday. William Blair reissued an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. Finally, KeyCorp dropped their price objective on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. 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 data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and an average price target of $16.85.

Read Our Latest Stock Analysis on Coursera

Coursera Trading Down 2.5 %

Shares of Coursera stock opened at $9.53 on Wednesday. Coursera has a 12-month low of $9.46 and a 12-month high of $21.26. The stock has a market cap of $1.50 billion, a PE ratio of -13.80 and a beta of 1.57. The company has a 50-day moving average of $13.80 and a two-hundred day moving average of $17.14.

Coursera (NYSE:COURGet Free Report) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The business had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. During the same period last year, the company posted ($0.24) EPS. The company’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts forecast that Coursera will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Coursera news, CFO Kenneth R. Hahn sold 25,000 shares of Coursera stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total value of $425,250.00. Following the transaction, the chief financial officer now owns 532,715 shares in the company, valued at approximately $9,061,482.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Coursera news, CFO Kenneth R. Hahn sold 25,000 shares of Coursera stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total value of $425,250.00. Following the transaction, the chief financial officer now owns 532,715 shares in the company, valued at approximately $9,061,482.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the completion of the transaction, the chief executive officer now owns 2,177,496 shares in the company, valued at approximately $25,933,977.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 578,932 shares of company stock worth $8,548,314. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

A number of hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of Coursera during the 3rd quarter valued at $38,000. Daiwa Securities Group Inc. lifted its holdings in shares of Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after acquiring an additional 580 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Coursera during the 4th quarter valued at $204,000. Moran Wealth Management LLC acquired a new position in shares of Coursera during the 4th quarter valued at $208,000. Finally, Martin Currie Ltd. acquired a new position in shares of Coursera during the 3rd quarter valued at $212,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Company Profile

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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.

Further Reading

Analyst Recommendations for Coursera (NYSE:COUR)

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