Cantor Fitzgerald Forecasts Strong Price Appreciation for Coursera (NYSE:COUR) Stock

Coursera (NYSE:COUR) had its target price increased by equities researchers at Cantor Fitzgerald from $10.00 to $13.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 4.61% from the company’s current price.

Several other research analysts have also issued reports on COUR. Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Coursera in a report on Monday, July 21st. Morgan Stanley increased their price objective on Coursera from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $12.00 target price on shares of Coursera in a research note on Monday, July 21st. KeyCorp raised their price target on shares of Coursera from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of Coursera from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Coursera currently has an average rating of “Moderate Buy” and an average price target of $11.25.

Coursera Price Performance

Shares of NYSE:COUR opened at $12.43 on Friday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -37.66 and a beta of 1.36. The firm has a 50 day simple moving average of $8.71 and a 200 day simple moving average of $8.14. Coursera has a one year low of $5.76 and a one year high of $12.49.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The firm had revenue of $187.10 million for the quarter, compared to analyst estimates of $180.52 million. During the same period in the previous year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts expect that Coursera will post -0.28 EPS for the current year.

Insider Activity at Coursera

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of Coursera stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,160.80. Following the transaction, the director directly owned 50,215 shares of the company’s stock, valued at $425,823.20. The trade was a 15.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the completion of the transaction, the senior vice president directly owned 293,368 shares in the company, valued at $2,537,633.20. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock valued at $211,087 over the last three months. 16.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Coursera by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock worth $867,000 after acquiring an additional 1,785 shares during the period. CWM LLC increased its position in shares of Coursera by 13.7% during the first quarter. CWM LLC now owns 23,794 shares of the company’s stock valued at $158,000 after acquiring an additional 2,872 shares in the last quarter. Swiss National Bank increased its position in shares of Coursera by 1.2% during the fourth quarter. Swiss National Bank now owns 262,300 shares of the company’s stock valued at $2,230,000 after acquiring an additional 3,100 shares in the last quarter. State of Wyoming lifted its position in Coursera by 85.9% during the first quarter. State of Wyoming now owns 7,227 shares of the company’s stock valued at $48,000 after purchasing an additional 3,340 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Coursera by 1.3% during the first quarter. Hsbc Holdings PLC now owns 264,208 shares of the company’s stock valued at $1,762,000 after purchasing an additional 3,399 shares during the period. 89.55% of the stock is currently owned by 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.