Morgan Stanley Cuts Coursera (NYSE:COUR) Price Target to $21.00

Coursera (NYSE:COUR) had its price objective dropped by investment analysts at Morgan Stanley from $25.00 to $21.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 74.13% from the stock’s current price.

Other research analysts have also issued research reports about the company. William Blair restated an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research report on Friday, February 2nd. Truist Financial boosted their target price on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Telsey Advisory Group raised their price target on shares of Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC upped their price objective on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment 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. According to data from MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and an average target price of $22.10.

Coursera Stock Performance

Shares of Coursera stock traded up $0.16 on Friday, hitting $12.06. 1,728,542 shares of the company traded hands, compared to its average volume of 1,642,468. Coursera has a 52 week low of $9.91 and a 52 week high of $21.26. The business has a 50-day simple moving average of $14.79 and a 200 day simple moving average of $17.58. The stock has a market capitalization of $1.90 billion, a P/E ratio of -15.70 and a beta of 1.48.

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

Insiders Place Their Bets

In related news, Director Andrew Y. Ng sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $12.09, for a total transaction of $604,500.00. Following the completion of the transaction, the director now directly owns 7,058,074 shares in the company, valued at approximately $85,332,114.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Andrew Y. Ng sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $12.09, for a total transaction of $604,500.00. Following the sale, the director now directly owns 7,058,074 shares of the company’s stock, valued at approximately $85,332,114.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $20.14, for a total transaction of $503,500.00. Following the sale, the chief executive officer now owns 2,551,930 shares in the company, valued at $51,395,870.20. The disclosure for this sale can be found here. Insiders have sold 614,802 shares of company stock worth $9,673,854 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Coursera in the 4th quarter valued at $137,598,000. Baillie Gifford & Co. increased its holdings in Coursera by 43.1% in the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after buying an additional 7,773,508 shares during the last quarter. BlackRock Inc. raised its position in shares of Coursera by 16.5% during the 2nd quarter. BlackRock Inc. now owns 8,027,863 shares of the company’s stock worth $104,523,000 after acquiring an additional 1,134,436 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in Coursera by 164.6% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after purchasing an additional 1,098,701 shares in the last quarter. Finally, Emory University purchased a new stake in shares of Coursera during the 4th quarter worth approximately $17,893,000. 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.