The Goldman Sachs Group Trims Coursera (NYSE:COUR) Target Price to $10.50

Coursera (NYSE:COUR) had its price target decreased by The Goldman Sachs Group from $15.00 to $10.50 in a report released on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other brokerages have also issued reports on COUR. Needham & Company LLC cut their price target on Coursera from $23.00 to $15.00 and set a buy rating on the stock in a report on Tuesday. Morgan Stanley reduced their price target on shares of Coursera from $21.00 to $15.00 and set an overweight rating for the company in a research report on Tuesday. Royal Bank of Canada decreased their price objective on Coursera from $25.00 to $18.00 and set an outperform rating for the company in a report on Tuesday. Truist Financial decreased their price target on Coursera from $20.00 to $12.00 and set a hold rating for the company in a report on Tuesday. Finally, BMO Capital Markets dropped their price objective on Coursera from $20.00 to $13.00 and set an outperform rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $16.85.

Coursera Stock Up 0.8 %

Shares of NYSE COUR opened at $9.61 on Wednesday. The company has a market capitalization of $1.51 billion, a PE ratio of -13.93 and a beta of 1.57. The firm has a fifty day simple moving average of $13.67 and a 200 day simple moving average of $17.09. Coursera has a twelve month low of $9.46 and a twelve month high of $21.26.

Coursera (NYSE:COUR) last announced its earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $170.43 million. During the same quarter in the prior year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities analysts expect that Coursera will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Shravan Goli sold 35,450 shares of Coursera stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.48, for a total value of $584,216.00. Following the sale, the chief operating officer now owns 737,641 shares of the company’s stock, valued at approximately $12,156,323.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 578,932 shares of company stock valued at $8,548,314. 16.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of Coursera during the 3rd quarter valued at about $38,000. Daiwa Securities Group Inc. grew its position in Coursera by 13.2% during the fourth 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 during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Coursera in the 4th quarter worth approximately $204,000. Moran Wealth Management LLC purchased a new stake in shares of Coursera in the 4th quarter valued at $208,000. Finally, Martin Currie Ltd. purchased a new stake in shares of Coursera in the 3rd quarter valued at $212,000. 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.