Coursera (NYSE:COUR) Given New $11.00 Price Target at BMO Capital Markets

Coursera (NYSE:COUR) had its price target increased by equities research analysts at BMO Capital Markets from $10.00 to $11.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 1.66% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. 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. Truist Financial cut their price target on shares of Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, April 30th. 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 report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of Coursera in a report on Friday. Finally, The Goldman Sachs Group lowered their target price on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Coursera Price Performance

COUR stock traded up $3.41 during midday trading on Friday, reaching $10.82. 15,339,151 shares of the company’s stock traded hands, compared to its average volume of 2,234,970. The company has a market capitalization of $1.69 billion, a P/E ratio of -15.68 and a beta of 1.44. Coursera has a fifty-two week low of $6.35 and a fifty-two week high of $21.26. The business has a 50-day moving average price of $7.25 and a two-hundred day moving average price of $12.22.

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

Insider Transactions at Coursera

In related news, Director Amanda Clark sold 8,093 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $7.72, for a total value of $62,477.96. Following the completion of the sale, the director now owns 76,266 shares of the company’s stock, valued at $588,773.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total value of $480,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at approximately $20,423,961.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amanda Clark sold 8,093 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the completion of the sale, the director now directly owns 76,266 shares of the company’s stock, valued at $588,773.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,192 shares of company stock worth $797,237. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently bought and sold shares of COUR. Norges Bank purchased a new stake in Coursera during the fourth quarter valued at about $52,804,000. Assenagon Asset Management S.A. purchased a new stake in Coursera during the second quarter valued at about $9,525,000. Gilder Gagnon Howe & Co. LLC lifted its stake 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 valued at $34,215,000 after buying an additional 1,098,701 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Coursera by 158.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after buying an additional 1,014,316 shares in the last quarter. Finally, Emory University purchased a new stake in Coursera during the fourth quarter valued at about $17,893,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.