Coursera (NYSE:COUR) Price Target Cut to $5.00 by Analysts at Royal Bank Of Canada

Coursera (NYSE:COUR) had its price target reduced by Royal Bank Of Canada from $7.00 to $5.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. JPMorgan Chase & Co. lowered shares of Coursera from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $8.00 to $5.00 in a research note on Friday. KeyCorp lowered shares of Coursera from an “overweight” rating to a “sector weight” rating in a research note on Friday. Telsey Advisory Group cut their price objective on shares of Coursera from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Zacks Research downgraded shares of Coursera from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Coursera currently has a consensus rating of “Hold” and an average price target of $6.36.

Coursera Stock Down 25.1%

Shares of COUR stock opened at $3.49 on Friday. The business’s fifty day moving average is $5.27 and its 200 day moving average is $5.69. The stock has a market cap of $922.76 million, a price-to-earnings ratio of -4.85, a PEG ratio of 0.48 and a beta of 1.24. Coursera has a twelve month low of $3.45 and a twelve month high of $8.89.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Coursera had a positive return on equity of 3.47% and a negative net margin of 14.35%. The business had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.52 million. During the same quarter last year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was up 94.0% on a year-over-year basis. Equities research analysts expect that Coursera will post 0.20 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the transaction, the senior vice president owned 236,237 shares in the company, valued at $1,348,913.27. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory M. Hart sold 10,308 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $5.11, for a total transaction of $52,673.88. Following the sale, the chief executive officer directly owned 1,539,003 shares in the company, valued at $7,864,305.33. This trade represents a 0.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. purchased a new stake in shares of Coursera during the first quarter valued at approximately $31,000. Versant Capital Management Inc raised its holdings in Coursera by 63.2% in the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock worth $31,000 after acquiring an additional 2,152 shares during the last quarter. IFP Advisors Inc raised its holdings in Coursera by 299.7% in the 2nd quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock worth $33,000 after acquiring an additional 4,433 shares during the last quarter. Allworth Financial LP bought a new position in Coursera in the 2nd quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC lifted its position in Coursera by 54.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,602 shares of the company’s stock valued at $38,000 after acquiring an additional 2,672 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Key Stories Impacting Coursera

Here are the key news stories impacting Coursera this week:

• Positive Sentiment: Coursera reported third-quarter revenue of approximately $377 million and adjusted earnings of $0.21 per share, exceeding consensus estimates. Revenue increased 94% year over year, while earnings more than doubled from $0.10 per share in the prior-year quarter. Coursera Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management expects more than $150 million in gross cost savings by year-end as integration efforts progress, supporting the potential for margin expansion and operating efficiencies. Coursera Q4 Revenue and Cost Savings Outlook
• Positive Sentiment: Unusual options activity saw traders purchase 5,405 call options, roughly 247% above average call volume, indicating heightened speculative interest and potential bullish positioning.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.