Coursera (NYSE:COUR) PT Lowered to $13.00 at BMO Capital Markets

Coursera (NYSE:COUR) had its price target cut by research analysts at BMO Capital Markets from $20.00 to $13.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 27.20% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Coursera in a research report on Thursday, April 25th. The Goldman Sachs Group downgraded shares of Coursera from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $18.00 to $14.00 in a research report on Friday, January 19th. Cantor Fitzgerald dropped their target price on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday. KeyCorp dropped their target price on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada decreased their price target on shares of Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.20.

Coursera Stock Performance

NYSE:COUR opened at $10.22 on Wednesday. Coursera has a one year low of $9.85 and a one year high of $21.26. The firm has a market cap of $1.61 billion, a P/E ratio of -14.81 and a beta of 1.48. The firm has a 50-day simple moving average of $13.93 and a 200-day simple moving average of $17.20.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The firm had revenue of $169.10 million for the quarter, compared to the consensus estimate of $170.43 million. During the same quarter in the previous year, the firm earned ($0.24) EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, research analysts predict that Coursera will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In other Coursera news, CAO Michele M. Meyers sold 2,540 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.86, for a total transaction of $42,824.40. Following the sale, the chief accounting officer now directly owns 206,059 shares in the company, valued at approximately $3,474,154.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total transaction of $503,500.00. Following the sale, the chief executive officer now directly owns 2,551,930 shares in the company, valued at approximately $51,395,870.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michele M. Meyers sold 2,540 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $16.86, for a total transaction of $42,824.40. Following the completion of the sale, the chief accounting officer now owns 206,059 shares in the company, valued at $3,474,154.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 603,932 shares of company stock valued at $9,051,814. 15.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coursera

Several institutional investors and hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. boosted its position in shares of Coursera by 43.1% in 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of Coursera by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock worth $216,008,000 after buying an additional 536,890 shares in the last quarter. Eventide Asset Management LLC boosted its position in shares of Coursera by 6.6% in the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock worth $76,275,000 after buying an additional 243,894 shares in the last quarter. Norges Bank purchased a new stake in shares of Coursera in the 4th quarter worth about $52,804,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Coursera by 38.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock worth $47,952,000 after buying an additional 690,931 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other 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.