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

Coursera (NYSE:COUR) had its price target decreased by Morgan Stanley from $25.00 to $21.00 in a report published on Friday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities research analysts also recently commented on COUR. Truist Financial lifted their target price on shares of Coursera from $17.00 to $20.00 and gave the stock a hold rating in a research report on Friday, February 2nd. Needham & Company LLC boosted their price objective on shares of Coursera from $21.00 to $23.00 and gave the company a buy rating in a research report on Friday, February 2nd. William Blair reissued an outperform rating on shares of Coursera in a research report on Friday, February 2nd. KeyCorp boosted their price objective on shares of Coursera from $22.00 to $24.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group downgraded shares of Coursera from a neutral rating to a sell rating and cut their price objective for the company from $18.00 to $14.00 in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $22.10.

Coursera Price Performance

Shares of COUR opened at $11.95 on Friday. Coursera has a twelve month low of $9.91 and a twelve month high of $21.26. The firm has a 50 day moving average of $14.67 and a 200 day moving average of $17.54.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The business had revenue of $168.88 million during the quarter, compared to the consensus estimate of $163.64 million. On average, equities research analysts predict that Coursera will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the sale, the senior vice president now owns 167,798 shares in the company, valued at approximately $2,775,378.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Andrew Y. Ng sold 50,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $12.09, for a total value of $604,500.00. Following the sale, the director now directly owns 7,058,074 shares in the company, valued at approximately $85,332,114.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the sale, the senior vice president now owns 167,798 shares in the company, valued at $2,775,378.92. The disclosure for this sale can be found here. Insiders have sold a total of 614,802 shares of company stock worth $9,673,854 in the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Coursera

A number of large investors have recently made changes to their positions in COUR. Point72 Hong Kong Ltd bought a new stake in shares of Coursera in the 2nd quarter worth about $31,000. FMR LLC increased its holdings in shares of Coursera by 187.5% in the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after buying an additional 1,543 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Coursera in the 3rd quarter worth about $38,000. KBC Group NV bought a new stake in shares of Coursera in the 4th quarter worth about $46,000. Finally, Point72 Middle East FZE bought a new stake in shares of Coursera in the 4th quarter worth about $46,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Company Profile

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.