Coursera (NYSE:COUR) Price Target Cut to $11.00 by Analysts at KeyCorp

Coursera (NYSE:COUR) had its price target lowered by KeyCorp from $12.00 to $11.00 in a research report report published on Friday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also weighed in on COUR. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Monday, October 21st. Bank of America initiated coverage on Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective on the stock. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a report on Friday, July 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.93.

Coursera Stock Performance

Shares of COUR stock opened at $6.88 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of -9.97 and a beta of 1.42. Coursera has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The stock has a 50 day moving average price of $7.80 and a two-hundred day moving average price of $8.22.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.20) EPS. As a group, equities analysts predict that Coursera will post -0.44 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,285 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the sale, the senior vice president now owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the sale, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,068 shares of company stock worth $324,787 in the last three months. 16.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently made changes to their positions in COUR. The Manufacturers Life Insurance Company raised its holdings in Coursera by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after acquiring an additional 1,276 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. Covestor Ltd raised its stake in shares of Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Coursera by 10.3% during the first quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after purchasing an additional 2,224 shares in the last quarter. Finally, Natixis bought a new position in shares of Coursera during the first quarter valued at $35,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.