Coursera (NYSE:COUR) Price Target Lowered to $10.00 at Cantor Fitzgerald

Coursera (NYSE:COUR) had its price target trimmed by Cantor Fitzgerald from $22.00 to $10.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the stock. Telsey Advisory Group restated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research note on Monday, October 21st. Bank of America assumed coverage on Coursera in a research report on Thursday, September 19th. They set a “buy” rating and a $11.00 price target for the company. The Goldman Sachs Group lowered their price target on Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research report on Friday. Morgan Stanley decreased their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday. Finally, KeyCorp lowered their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.66.

Coursera Stock Performance

Shares of NYSE COUR opened at $6.88 on Friday. Coursera has a 52-week low of $6.29 and a 52-week high of $21.26. The stock has a market cap of $1.07 billion, a P/E ratio of -9.96 and a beta of 1.42. The firm has a 50 day moving average price of $7.80 and a 200 day moving average price of $8.30.

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

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 6,285 shares of the firm’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 completion of the sale, the senior vice president now owns 207,434 shares in the company, valued at approximately $1,715,479.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other 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 value of $51,976.95. Following the transaction, the senior vice president now owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,068 shares of company stock worth $324,787 over the last ninety days. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently modified their holdings of COUR. The Manufacturers Life Insurance Company raised its stake 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 purchasing an additional 1,276 shares in the last quarter. nVerses Capital LLC grew its position in shares of Coursera by 26.1% during 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 increased its holdings in shares of Coursera by 72.9% during 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 period. ProShare Advisors LLC boosted its stake in shares of Coursera by 10.3% in the first quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after buying an additional 2,224 shares during the period. Finally, Natixis bought a new stake in shares of Coursera in the first quarter valued at approximately $35,000. 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.