Coursera (NYSE:COUR) PT Lowered to $15.00

Coursera (NYSE:COUR) had its price target reduced by Needham & Company LLC from $23.00 to $15.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 53.69% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research report on Friday, February 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $26.00 price objective on shares of Coursera in a research report on Wednesday, April 17th. The Goldman Sachs Group downgraded Coursera from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $18.00 to $14.00 in a research report on Friday, January 19th. William Blair restated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Finally, Morgan Stanley cut their price target on Coursera from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and an average price target of $16.85.

Coursera Price Performance

Shares of NYSE:COUR opened at $9.76 on Tuesday. The business’s 50 day simple moving average is $13.93 and its 200-day simple moving average is $17.20. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -14.14 and a beta of 1.48. Coursera has a 12 month low of $9.68 and a 12 month high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The business had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. During the same quarter in the previous year, the company earned ($0.24) EPS. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities analysts anticipate that Coursera will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $20.14, for a total value of $503,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,551,930 shares in the company, valued at approximately $51,395,870.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Michele M. Meyers sold 2,540 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.86, for a total transaction of $42,824.40. Following the completion of the sale, the chief accounting officer now directly owns 206,059 shares in the company, valued at approximately $3,474,154.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $20.14, for a total value of $503,500.00. Following the sale, the chief executive officer now owns 2,551,930 shares of the company’s stock, valued at $51,395,870.20. The disclosure for this sale can be found here. In the last three months, insiders sold 603,932 shares of company stock worth $9,051,814. Insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

A number of institutional investors and hedge funds have recently made changes to their positions in COUR. Baillie Gifford & Co. increased its holdings in shares of Coursera by 43.1% during the 3rd 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 during the last quarter. Norges Bank purchased a new stake in Coursera during the 4th quarter worth $52,804,000. Gilder Gagnon Howe & Co. LLC boosted its position in Coursera by 164.6% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after purchasing an additional 1,098,701 shares during the period. Emory University purchased a new stake in Coursera during the 4th quarter worth $17,893,000. Finally, Inflection Point Investments LLP purchased a new stake in Coursera during the 4th quarter worth $14,526,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.