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 issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 97.37% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, April 19th. The Goldman Sachs Group downgraded shares of Coursera from a “neutral” rating to a “sell” rating and cut their price target for the stock from $18.00 to $14.00 in a research note on Friday, January 19th. Truist Financial raised their target price on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Telsey Advisory Group restated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a report on Thursday, April 25th. Finally, William Blair reiterated an “outperform” rating on shares of Coursera 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.40.

Coursera Stock Performance

Shares of COUR stock traded down $1.25 on Tuesday, hitting $10.64. 2,362,680 shares of the stock traded hands, compared to its average volume of 1,703,344. Coursera has a twelve month low of $9.85 and a twelve month high of $21.26. The stock has a market capitalization of $1.67 billion, a PE ratio of -13.78 and a beta of 1.48. The firm’s 50-day moving average price is $14.06 and its two-hundred day moving average price is $17.25.

Coursera (NYSE:COUR) last released its earnings results 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 18.33% and a negative return on equity of 18.15%. The company 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 business earned ($0.24) EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. On average, equities research analysts anticipate that Coursera will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $11.91, for a total value of $595,500.00. Following the transaction, the chief executive officer now directly owns 2,177,496 shares of the company’s stock, valued at $25,933,977.36. 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 50,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the sale, the chief executive officer now directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amanda Clark sold 1,562 shares of Coursera stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $16.85, for a total value of $26,319.70. Following the completion of the transaction, the director now owns 67,252 shares in the company, valued at approximately $1,133,196.20. The disclosure for this sale can be found here. Insiders have sold 603,932 shares of company stock valued at $9,051,814 in the last 90 days. 15.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coursera

Large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of Coursera during the third quarter valued at about $38,000. Daiwa Securities Group Inc. grew its position in Coursera by 13.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after buying an additional 580 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Coursera in the 4th quarter worth about $204,000. Moran Wealth Management LLC purchased a new position in shares of Coursera during the fourth quarter worth about $208,000. Finally, Martin Currie Ltd. bought a new stake in Coursera during the third quarter valued at approximately $212,000. 89.55% of the stock is currently owned by 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.