Coursera (NYSE:COUR) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Coursera (NYSE:COUR) in a report published on Wednesday morning, Benzinga reports. They currently have a $26.00 target price on the stock.

Other analysts have also recently issued research reports about the company. Telsey Advisory Group upped their price objective on Coursera from $24.00 to $25.00 and gave the company an outperform rating in a research report on Friday, February 2nd. KeyCorp upped their price objective on Coursera from $22.00 to $24.00 and gave the company an overweight rating in a research report on Friday, February 2nd. The Goldman Sachs Group cut Coursera from a neutral rating to a sell rating and reduced their price objective for the company from $18.00 to $14.00 in a research report on Friday, January 19th. Needham & Company LLC upped their price objective on Coursera from $21.00 to $23.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, William Blair reissued an outperform rating on shares of Coursera in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $22.10.

Coursera Price Performance

COUR stock opened at $11.83 on Wednesday. Coursera has a 1-year low of $9.91 and a 1-year high of $21.26. The business has a fifty day moving average price of $14.90 and a 200-day moving average price of $17.62. The stock has a market capitalization of $1.86 billion, a P/E ratio of -15.36 and a beta of 1.48.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm had revenue of $168.88 million during the quarter, compared to analysts’ expectations of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. As a group, analysts anticipate that Coursera will post -0.47 earnings per share for the current year.

Insider Transactions at Coursera

In other 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 completion of the transaction, the senior vice president now owns 167,798 shares of the company’s stock, valued at $2,775,378.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Alan B. Cardenas sold 5,864 shares of the business’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 sale, the senior vice president now directly owns 167,798 shares in the company, valued at $2,775,378.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $20.06, for a total value of $1,003,000.00. Following the completion of the sale, the chief executive officer now owns 2,551,930 shares in the company, valued at $51,191,715.80. The disclosure for this sale can be found here. Insiders sold a total of 564,802 shares of company stock valued at $9,069,354 over the last 90 days. Company insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in shares of Coursera by 43.1% in the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after buying an additional 7,773,508 shares in the last quarter. Norges Bank purchased a new stake in shares of Coursera in the fourth quarter worth about $137,598,000. Vanguard Group Inc. raised its position in Coursera by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after purchasing an additional 536,890 shares during the period. BlackRock Inc. raised its position in Coursera by 16.5% during the second quarter. BlackRock Inc. now owns 8,027,863 shares of the company’s stock valued at $104,523,000 after purchasing an additional 1,134,436 shares during the period. Finally, Eventide Asset Management LLC raised its position in Coursera by 6.6% during the fourth quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock valued at $76,275,000 after purchasing an additional 243,894 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

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.