Coursera (NYSE:COUR) Price Target Cut to $20.00

Coursera (NYSE:COUR) had its price objective decreased by research analysts at KeyCorp from $24.00 to $20.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 70.50% from the stock’s previous close.

COUR has been the topic of several other research reports. Needham & Company LLC upped their price target on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial upped their price objective on Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research note on Friday, February 2nd. Telsey Advisory Group increased their target price on Coursera from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group lowered Coursera from a “neutral” rating to a “sell” rating and cut their target price for the company from $18.00 to $14.00 in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.70.

Coursera Stock Performance

Coursera stock opened at $11.73 on Wednesday. Coursera has a 52 week low of $10.02 and a 52 week high of $21.26. The firm has a market cap of $1.85 billion, a P/E ratio of -15.23 and a beta of 1.48. The business’s fifty day moving average is $14.26 and its two-hundred day moving average is $17.37.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The business had revenue of $168.88 million for the quarter, compared to analyst estimates of $163.64 million. On average, equities research analysts predict that Coursera will post -0.47 earnings per share for the current year.

Insider Transactions at Coursera

In other news, COO Shravan Goli sold 35,450 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total transaction of $584,216.00. Following the sale, the chief operating officer now owns 737,641 shares of the company’s stock, valued at $12,156,323.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Shravan Goli sold 35,450 shares of Coursera stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total value of $584,216.00. Following the sale, the chief operating officer now owns 737,641 shares of the company’s stock, valued at approximately $12,156,323.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Michele M. Meyers sold 2,880 shares of Coursera 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 completion of the sale, 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. Insiders have sold a total of 653,932 shares of company stock valued at $10,054,814 over the last 90 days. 16.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COUR. SG Americas Securities LLC bought a new position in Coursera in the third quarter valued at approximately $355,000. Counterpoint Mutual Funds LLC bought a new position in Coursera in the third quarter valued at approximately $115,000. Bailard Inc. grew its stake in Coursera by 1.0% in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Coursera by 35.5% in 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Coursera by 6.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,277 shares of the company’s stock valued at $1,669,000 after purchasing an additional 5,782 shares in the last quarter. 89.55% of the stock is currently owned by 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.