Analysts Set Coursera, Inc. (NYSE:COUR) Target Price at $43.00

Coursera, Inc. (NYSE:COUR – Get Rating) has received an average recommendation of “Buy” from the eighteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.00.

A number of research analysts have recently weighed in on the stock. Telsey Advisory Group cut their price target on shares of Coursera from $60.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, February 7th. Raymond James cut their price target on shares of Coursera from $45.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, February 11th. KeyCorp dropped their target price on shares of Coursera from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 3rd. The Goldman Sachs Group upgraded shares of Coursera from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Friday, January 7th. Finally, Needham & Company LLC dropped their target price on shares of Coursera from $45.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, February 11th.

In other news, insider Shravan Goli sold 100,000 shares of Coursera stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $21.36, for a total transaction of $2,136,000.00. Following the sale, the insider now directly owns 259,533 shares in the company, valued at approximately $5,543,624.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew Y. Ng sold 40,000 shares of Coursera stock in a transaction dated Tuesday, January 18th. The shares were sold at an average price of $21.22, for a total transaction of $848,800.00. The disclosure for this sale can be found here. Insiders sold a total of 225,372 shares of company stock worth $4,783,444 over the last 90 days.

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new position in Coursera during the 4th quarter valued at about $49,000. Neo Ivy Capital Management bought a new position in Coursera during the 4th quarter valued at about $55,000. Royal Bank of Canada lifted its holdings in Coursera by 1,303.0% during the 2nd quarter. Royal Bank of Canada now owns 1,403 shares of the company’s stock valued at $56,000 after purchasing an additional 1,303 shares during the last quarter. StepStone Group LP bought a new position in Coursera during the 3rd quarter valued at about $76,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Coursera by 13.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,317 shares of the company’s stock valued at $136,000 after purchasing an additional 524 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

Shares of Coursera stock traded down $0.62 during midday trading on Monday, reaching $22.30. 541,485 shares of the company’s stock traded hands, compared to its average volume of 848,381. The company has a market cap of $3.20 billion and a price-to-earnings ratio of -16.28. The company’s 50 day simple moving average is $20.46 and its 200 day simple moving average is $25.21. Coursera has a 52 week low of $16.32 and a 52 week high of $50.29.

Coursera (NYSE:COUR – Get Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). The business had revenue of $115.00 million for the quarter, compared to the consensus estimate of $111.73 million. Coursera had a negative net margin of 34.97% and a negative return on equity of 28.61%. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.54) EPS. As a group, research analysts expect that Coursera will post -1 EPS for the current year.

About Coursera (Get Rating)

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

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