Cantor Fitzgerald Increases Coursera (NYSE:COUR) Price Target to $22.00

Coursera (NYSE:COUR) had its price objective raised by Cantor Fitzgerald from $21.00 to $22.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

COUR has been the topic of a number of other reports. Needham & Company LLC reissued a buy rating and issued a $15.00 price objective on shares of Coursera in a report on Friday. Royal Bank of Canada reissued an outperform rating and issued a $18.00 price objective on shares of Coursera in a report on Friday. BMO Capital Markets upped their target price on Coursera from $10.00 to $11.00 and gave the stock an outperform rating in a research note on Friday. Telsey Advisory Group restated an outperform rating and issued a $18.00 target price on shares of Coursera in a research note on Monday, July 22nd. Finally, Morgan Stanley lowered their target price on Coursera from $21.00 to $15.00 and set an overweight rating on the stock in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $15.10.

Coursera Price Performance

Shares of COUR stock opened at $10.72 on Friday. The stock’s 50-day simple moving average is $7.29 and its 200-day simple moving average is $12.16. Coursera has a fifty-two week low of $6.35 and a fifty-two week high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. Coursera had a negative return on equity of 13.77% and a negative net margin of 14.35%. The company’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.24) earnings per share. As a group, equities analysts predict that Coursera will post -0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total transaction of $480,000.00. Following the transaction, the chief executive officer now owns 2,127,496 shares in the company, valued at $20,423,961.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coursera news, Director Amanda Clark sold 8,093 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the transaction, the director now owns 76,266 shares in the company, valued at $588,773.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total value of $480,000.00. Following the transaction, the chief executive officer now owns 2,127,496 shares in the company, valued at approximately $20,423,961.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,192 shares of company stock worth $797,237. 16.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in COUR. Norges Bank purchased a new position in shares of Coursera in the fourth quarter valued at approximately $52,804,000. Assenagon Asset Management S.A. purchased a new position in shares of Coursera in the second quarter valued at approximately $9,525,000. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Coursera by 164.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after acquiring an additional 1,098,701 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after acquiring an additional 1,014,316 shares in the last quarter. Finally, Emory University purchased a new position in shares of Coursera in the fourth quarter valued at approximately $17,893,000. Hedge funds and other institutional investors 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.