Coursera (NYSE:COUR) Price Target Cut to $12.00

Coursera (NYSE:COUR) had its price objective trimmed by KeyCorp from $14.00 to $12.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

COUR has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a buy rating and set a $15.00 price target on shares of Coursera in a research note on Friday, May 17th. Morgan Stanley cut their price target on shares of Coursera from $21.00 to $15.00 and set an overweight rating on the stock in a research note on Tuesday, April 30th. Royal Bank of Canada cut their price target on shares of Coursera from $25.00 to $18.00 and set an outperform rating on the stock in a research note on Tuesday, April 30th. The Goldman Sachs Group cut their price target on shares of Coursera from $15.00 to $10.50 and set a sell rating on the stock in a research note on Wednesday, May 1st. Finally, BMO Capital Markets dropped their price objective on shares of Coursera from $20.00 to $13.00 and set an outperform rating for the company in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coursera presently has a consensus rating of Moderate Buy and a consensus target price of $15.35.

Coursera Stock Performance

Shares of COUR opened at $7.22 on Monday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -10.46 and a beta of 1.44. The company’s 50 day simple moving average is $7.27 and its 200 day simple moving average is $12.26. Coursera has a 1 year low of $6.35 and a 1 year high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $169.10 million for the quarter, compared to the consensus estimate of $170.43 million. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. Coursera’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) earnings per share. Equities analysts expect that Coursera will post -0.45 EPS for the current fiscal year.

Insider Activity at Coursera

In related news, SVP Richard J. Jacquet sold 16,273 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total transaction of $152,966.20. Following the completion of the sale, the senior vice president now directly owns 249,456 shares of the company’s stock, valued at approximately $2,344,886.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Richard J. Jacquet sold 16,273 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total transaction of $152,966.20. Following the completion of the sale, the senior vice president now directly owns 249,456 shares of the company’s stock, valued at approximately $2,344,886.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Alan B. Cardenas sold 6,283 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $8.56, for a total transaction of $53,782.48. Following the transaction, the senior vice president now owns 220,589 shares in the company, valued at $1,888,241.84. The disclosure for this sale can be found here. In the last three months, insiders sold 86,192 shares of company stock valued at $797,237. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Coursera by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock valued at $42,927,000 after acquiring an additional 328,030 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Coursera by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock worth $198,390,000 after buying an additional 570,177 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Coursera by 84.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock worth $3,191,000 after buying an additional 104,236 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Coursera by 164.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after buying an additional 1,098,701 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Coursera by 461.8% in the 1st quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock worth $1,127,000 after buying an additional 66,056 shares during the last quarter. 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.