Coursera (NYSE:COUR) PT Lowered to $21.00

Coursera (NYSE:COUR) had its price objective reduced by Cantor Fitzgerald from $26.00 to $21.00 in a report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts also recently commented on the stock. KeyCorp cut their price objective 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. William Blair reiterated an outperform rating on shares of Coursera in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed an outperform rating and issued a $25.00 price objective on shares of Coursera in a research note on Friday, February 2nd. The Goldman Sachs Group downgraded Coursera from a neutral rating to a sell rating and dropped their price target for the stock from $18.00 to $14.00 in a research note on Friday, January 19th. Finally, Needham & Company LLC reduced their price objective on shares of Coursera from $23.00 to $15.00 and set a buy rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $16.85.

Coursera Trading Up 0.8 %

Coursera stock opened at $9.61 on Tuesday. Coursera has a 1-year low of $9.46 and a 1-year high of $21.26. The firm has a 50-day moving average of $13.67 and a 200-day moving average of $17.09. The firm has a market cap of $1.51 billion, a P/E ratio of -13.93 and a beta of 1.57.

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

Insider Activity

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 completion of the transaction, the chief financial officer now directly owns 532,715 shares of the company’s stock, valued at approximately $9,061,482.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Kenneth R. Hahn sold 25,000 shares of Coursera stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total value of $425,250.00. Following the completion of 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 is available through the SEC website. Also, CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total value of $34,560.00. Following the transaction, the chief accounting officer now directly owns 240,159 shares in the company, valued at approximately $2,881,908. The disclosure for this sale can be found here. In the last ninety days, insiders sold 578,932 shares of company stock worth $8,548,314. 16.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coursera

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Coursera during the 3rd quarter worth approximately $355,000. Bailard Inc. boosted its stake in shares of Coursera by 1.0% during the third 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Coursera by 35.5% during the third 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 period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Coursera by 6.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,277 shares of the company’s stock worth $1,669,000 after purchasing an additional 5,782 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Coursera in the 3rd quarter worth about $246,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.