Coursera (NYSE:COUR) Given New $18.00 Price Target at Royal Bank of Canada

Coursera (NYSE:COUR) had its price target lowered by equities researchers at Royal Bank of Canada from $25.00 to $18.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 68.54% from the stock’s current price.

Several other brokerages have also recently weighed in on COUR. William Blair reiterated an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. KeyCorp lowered their price objective on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Truist Financial increased their target price on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. The Goldman Sachs Group lowered shares of Coursera from a “neutral” rating to a “sell” rating and reduced their price target for the company from $18.00 to $14.00 in a report on Friday, January 19th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.70.

Coursera Price Performance

Shares of Coursera stock traded down $1.21 during trading on Tuesday, hitting $10.68. The stock had a trading volume of 2,865,176 shares, compared to its average volume of 1,711,775. Coursera has a 12 month low of $9.85 and a 12 month high of $21.26. The firm’s fifty day simple moving average is $14.06 and its 200-day simple moving average is $17.25. The stock has a market cap of $1.68 billion, a PE ratio of -13.84 and a beta of 1.48.

Coursera (NYSE:COUR) last issued its quarterly 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. The firm had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. Coursera’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company earned ($0.24) EPS. Analysts expect that Coursera will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Coursera

In related news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $20.14, for a total value of $503,500.00. Following the completion of the transaction, the chief executive officer now owns 2,551,930 shares in the company, valued at approximately $51,395,870.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total transaction of $503,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,551,930 shares of the company’s stock, valued at approximately $51,395,870.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michele M. Meyers sold 2,880 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the completion of the sale, the chief accounting officer now directly owns 240,159 shares in the company, valued at $2,881,908. The disclosure for this sale can be found here. In the last quarter, insiders have sold 603,932 shares of company stock worth $9,051,814. 15.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Several hedge funds have recently bought and sold shares of COUR. DekaBank Deutsche Girozentrale purchased a new position in shares of Coursera in the 3rd quarter valued at about $38,000. Daiwa Securities Group Inc. raised its stake in shares of Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after buying an additional 580 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Coursera during the 4th quarter valued at approximately $204,000. Moran Wealth Management LLC acquired a new stake in Coursera in the 4th quarter valued at $208,000. Finally, Martin Currie Ltd. purchased a new stake in Coursera in the 3rd quarter worth $212,000. 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.