Coursera (NYSE:COUR) Given New $21.00 Price Target at Cantor Fitzgerald

Coursera (NYSE:COUR) had its price target cut by equities research analysts at Cantor Fitzgerald from $26.00 to $21.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 97.37% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Truist Financial increased their target price 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. William Blair reaffirmed an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. KeyCorp decreased their price target on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Morgan Stanley decreased their price target on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Finally, The Goldman Sachs Group lowered shares of Coursera from a “neutral” rating to a “sell” rating and decreased their price target for the company from $18.00 to $14.00 in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.40.

Coursera Stock Down 10.5 %

Shares of COUR stock traded down $1.25 during mid-day trading on Tuesday, hitting $10.64. 2,362,680 shares of the stock were exchanged, compared to its average volume of 1,703,344. The firm has a fifty day moving average of $14.06 and a 200 day moving average of $17.25. Coursera has a 52-week low of $9.85 and a 52-week high of $21.26. The company has a market cap of $1.67 billion, a PE ratio of -13.78 and a beta of 1.48.

Coursera (NYSE:COUR) last posted its earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The business had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. During the same period in the prior year, the company posted ($0.24) EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities analysts predict that Coursera will post -0.47 EPS for the current year.

Insider Buying and Selling at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $16.85, for a total value of $842,500.00. Following the completion of the sale, the chief executive officer now owns 2,524,525 shares in the company, valued at approximately $42,538,246.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Kenneth R. Hahn sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total transaction of $425,250.00. Following the completion of the sale, the chief financial officer now owns 532,715 shares in the company, valued at approximately $9,061,482.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $842,500.00. Following the sale, the chief executive officer now owns 2,524,525 shares of the company’s stock, valued at approximately $42,538,246.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 603,932 shares of company stock worth $9,051,814. Insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in COUR. Baillie Gifford & Co. increased its holdings in shares of Coursera by 43.1% during the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after buying an additional 7,773,508 shares during the last quarter. Norges Bank acquired a new stake in shares of Coursera during the 4th quarter worth approximately $52,804,000. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Coursera by 164.6% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after buying an additional 1,098,701 shares during the last quarter. Emory University acquired a new stake in Coursera in the 4th quarter valued at approximately $17,893,000. Finally, Inflection Point Investments LLP acquired a new stake in Coursera in the 4th quarter valued at approximately $14,526,000. Institutional investors and hedge funds 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.