Coursera (NYSE:COUR) PT Lowered to $20.00

Coursera (NYSE:COUR) had its price objective decreased by KeyCorp from $24.00 to $20.00 in a research report released on Wednesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other research firms have also recently weighed in on COUR. Truist Financial raised their price objective on Coursera from $17.00 to $20.00 and gave the stock a hold rating in a research report on Friday, February 2nd. Telsey Advisory Group lifted their price target on Coursera from $24.00 to $25.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated an outperform rating and set a $25.00 price objective on shares of Coursera in a research note on Friday, February 2nd. William Blair restated an outperform rating on shares of Coursera in a report on Friday, February 2nd. Finally, Needham & Company LLC boosted their target price on Coursera from $21.00 to $23.00 and gave the stock a buy rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $21.70.

Coursera Trading Down 1.7 %

Shares of NYSE COUR opened at $11.91 on Wednesday. The business’s 50 day moving average price is $14.36 and its 200-day moving average price is $17.41. Coursera has a fifty-two week low of $9.91 and a fifty-two week high of $21.26.

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

Insider Transactions at Coursera

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $20.06, for a total transaction of $1,003,000.00. Following the sale, the chief executive officer now owns 2,551,930 shares of the company’s stock, valued at $51,191,715.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CRO Leah F. Belsky sold 42,756 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $16.29, for a total value of $696,495.24. Following the transaction, the executive now owns 837,338 shares of the company’s stock, valued at $13,640,236.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $20.06, for a total value of $1,003,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,551,930 shares in the company, valued at approximately $51,191,715.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 653,932 shares of company stock valued at $10,054,814. 16.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coursera

Several large investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its holdings in Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after buying an additional 580 shares during the last quarter. Bailard Inc. boosted its stake in Coursera by 1.0% in the third quarter. Bailard Inc. now owns 91,440 shares of the company’s stock valued at $1,709,000 after acquiring an additional 866 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Coursera by 9.4% in the third quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock valued at $224,000 after acquiring an additional 1,029 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Coursera by 6.0% in the fourth quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock valued at $404,000 after acquiring an additional 1,181 shares in the last quarter. Finally, Aviva PLC boosted its stake in Coursera by 7.5% in the third quarter. Aviva PLC now owns 23,077 shares of the company’s stock valued at $431,000 after acquiring an additional 1,607 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.