Royal Bank Of Canada Forecasts Strong Price Appreciation for Coursera (NYSE:COUR) Stock

Coursera (NYSE:COUR) had its price target increased by Royal Bank Of Canada from $10.00 to $13.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 4.61% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Coursera from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Cantor Fitzgerald raised their price objective on Coursera from $10.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday. Wall Street Zen lowered Coursera from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Coursera in a report on Monday, July 21st. Finally, Morgan Stanley lifted their price target on Coursera from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

Coursera Price Performance

Shares of NYSE COUR opened at $12.43 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -37.66 and a beta of 1.36. The business has a 50-day moving average of $8.71 and a two-hundred day moving average of $8.14. Coursera has a 1 year low of $5.76 and a 1 year 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, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. Coursera had a negative return on equity of 5.22% and a negative net margin of 7.05%. Coursera’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. As a group, equities research analysts expect that Coursera will post -0.28 earnings per share for the current year.

Insider Activity

In related 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 sale, the director directly owned 50,215 shares in the company, valued at $425,823.20. The trade was a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total transaction of $52,773.65. Following the completion of the transaction, the senior vice president owned 293,368 shares of the company’s stock, valued at $2,537,633.20. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock valued at $211,087 over the last quarter. Corporate insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of large investors have recently made changes to their positions in COUR. State of Wyoming boosted its position in shares of Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after buying an additional 3,520 shares in the last quarter. Quarry LP raised its holdings in shares of Coursera by 1,848.6% in the first quarter. Quarry LP now owns 4,131 shares of the company’s stock worth $28,000 after acquiring an additional 3,919 shares during the last quarter. Pale Fire Capital SE purchased a new stake in Coursera during the 1st quarter worth about $67,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Coursera during the 4th quarter worth about $86,000. Finally, Xponance Inc. purchased a new stake in Coursera during the 1st quarter worth about $69,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.