Coursera (NYSE:COUR) Given New $10.00 Price Target at Morgan Stanley

Coursera (NYSE:COUR) had its price objective decreased by Morgan Stanley from $15.00 to $10.00 in a research note released on Friday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 target price on shares of Coursera in a research report on Friday, July 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. KeyCorp dropped their price target on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Cantor Fitzgerald raised shares of Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Coursera in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.66.

Coursera Stock Performance

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

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, October 24th. The company reported ($0.06) EPS for the quarter, topping 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 company had revenue of $176.09 million during the quarter, compared to analyst estimates of $173.94 million. As a group, equities analysts predict that Coursera will post -0.44 EPS for the current fiscal year.

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the sale, the director now directly owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,068 shares of company stock valued at $324,787. 16.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis bought a new stake in Coursera during the first quarter valued at about $35,000. CWM LLC grew its position in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after buying an additional 3,860 shares during the last quarter. Covestor Ltd raised its stake in shares of Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after acquiring an additional 1,846 shares in the last quarter. nVerses Capital LLC lifted its position in Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after acquiring an additional 1,800 shares during the last quarter. Finally, LGT Group Foundation acquired a new stake in Coursera in the second quarter valued at approximately $73,000. 89.55% of the stock is currently 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.