Coursera (NYSE:COUR) PT Lowered to $20.00 at KeyCorp

Coursera (NYSE:COUR) had its price target decreased by equities research analysts at KeyCorp from $24.00 to $20.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 65.08% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. William Blair restated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 target price on shares of Coursera in a research note on Wednesday, April 17th. Morgan Stanley lowered their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. The Goldman Sachs Group downgraded shares of Coursera from a “neutral” rating to a “sell” rating and cut their price target for the company from $18.00 to $14.00 in a report on Friday, January 19th. Finally, Truist Financial lifted their price objective on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.70.

Coursera Stock Down 0.9 %

Shares of NYSE COUR opened at $12.12 on Wednesday. The stock has a market cap of $1.91 billion, a P/E ratio of -15.73 and a beta of 1.48. The firm’s 50-day simple moving average is $14.47 and its 200 day simple moving average is $17.45. Coursera has a fifty-two week low of $9.91 and a fifty-two week high of $21.26.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. On average, sell-side analysts anticipate that Coursera will post -0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the transaction, the chief accounting officer now directly owns 240,159 shares in the company, valued at approximately $2,881,908. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $12.00, for a total transaction of $34,560.00. Following the completion of the sale, the chief accounting officer now directly owns 240,159 shares in the company, valued at approximately $2,881,908. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total transaction of $595,500.00. Following the transaction, the chief executive officer now owns 2,177,496 shares in the company, valued at approximately $25,933,977.36. The disclosure for this sale can be found here. Insiders sold a total of 653,932 shares of company stock worth $10,054,814 in the last quarter. 15.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coursera

Several institutional investors have recently bought and sold shares of COUR. DekaBank Deutsche Girozentrale acquired a new position in Coursera during the third quarter valued at approximately $38,000. Daiwa Securities Group Inc. grew its stake in Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after buying an additional 580 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Coursera in the 3rd quarter worth $115,000. Harvest Fund Management Co. Ltd acquired a new position in Coursera during the 4th quarter worth $204,000. Finally, Moran Wealth Management LLC acquired a new position in Coursera during the 4th quarter worth $208,000. 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.