Morgan Stanley Boosts Coursera (NYSE:COUR) Price Target to $12.00

Coursera (NYSE:COUR) had its target price upped by equities research analysts at Morgan Stanley from $11.00 to $12.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential downside of 3.44% from the stock’s previous close.

A number of other research firms have also commented on COUR. Telsey Advisory Group reissued an “outperform” rating and issued a $12.00 price target on shares of Coursera in a research report on Monday, July 21st. KeyCorp upped their target price on shares of Coursera from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America raised shares of Coursera from an “underperform” rating to a “neutral” rating and upped their target price for the company from $7.00 to $12.00 in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Coursera from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Coursera from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and an average price target of $11.25.

Coursera Price Performance

COUR stock opened at $12.43 on Friday. The firm has a market capitalization of $2.01 billion, a P/E ratio of -37.66 and a beta of 1.36. The company’s 50 day simple moving average is $8.71 and its 200-day simple moving average is $8.14. Coursera has a 52-week low of $5.76 and a 52-week high of $12.49.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $187.10 million during the quarter, compared to analyst estimates of $180.52 million. Coursera had a negative return on equity of 5.22% and a negative net margin of 7.05%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. Sell-side analysts predict that Coursera will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total transaction of $52,773.65. Following the transaction, the senior vice president directly owned 293,368 shares of the company’s stock, valued at $2,537,633.20. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amanda Clark sold 9,334 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,152.32. Following the completion of the transaction, the director owned 85,573 shares of the company’s stock, valued at $725,659.04. This represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,770 shares of company stock worth $211,087 in the last quarter. Insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

Several hedge funds have recently made changes to their positions in the business. Swiss National Bank lifted its holdings in Coursera by 1.2% during the 4th quarter. Swiss National Bank now owns 262,300 shares of the company’s stock valued at $2,230,000 after purchasing an additional 3,100 shares during the last quarter. Cibc World Markets Corp bought a new stake in Coursera in the fourth quarter valued at approximately $109,000. American Century Companies Inc. boosted its position in Coursera by 206.0% during the fourth quarter. American Century Companies Inc. now owns 120,480 shares of the company’s stock valued at $1,024,000 after acquiring an additional 81,110 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Coursera by 340.9% during the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company’s stock valued at $2,322,000 after buying an additional 211,191 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Coursera during the fourth quarter valued at about $208,000. 89.55% of the stock is 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.