Coursera (NYSE:COUR) PT Lowered to $10.00

Coursera (NYSE:COUR - Free Report) had its target price cut by Royal Bank of Canada from $18.00 to $10.00 in a research note published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on COUR. Morgan Stanley lowered their target price on Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research note on Friday. Bank of America initiated coverage on Coursera in a research note on Thursday, September 19th. They set a "buy" rating and a $11.00 target price for the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $18.00 price objective on shares of Coursera in a research report on Monday. The Goldman Sachs Group lowered their price objective on Coursera from $9.00 to $7.25 and set a "sell" rating for the company in a research report on Friday. Finally, KeyCorp lowered their price objective on Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.66.

Coursera Price Performance

Shares of COUR stock traded down $0.75 on Friday, hitting $6.88. The stock had a trading volume of 9,179,537 shares, compared to its average volume of 2,218,413. The firm has a market capitalization of $1.07 billion, a P/E ratio of -10.07 and a beta of 1.42. Coursera has a 1 year low of $6.29 and a 1 year high of $21.26. The company's 50 day moving average price is $7.83 and its 200-day moving average price is $8.34.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The firm had revenue of $176.09 million for the quarter, compared to the consensus estimate of $173.94 million. On average, equities analysts forecast that Coursera will post -0.44 EPS for the current year.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares of the company's stock, valued at $1,715,479.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares of the company's stock, valued at $1,715,479.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares of the company's stock, valued at approximately $58,600,298.13. This 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 valued at $324,787 in the last three months. 16.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coursera

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Coursera by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company's stock worth $159,909,000 after buying an additional 254,108 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock worth $20,055,000 after acquiring an additional 1,123,397 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Coursera by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company's stock worth $19,007,000 after acquiring an additional 15,694 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Coursera by 158.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company's stock worth $23,185,000 after acquiring an additional 1,014,316 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Coursera by 6.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company's stock worth $11,224,000 after acquiring an additional 83,369 shares during the period. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.