Coursera (NYSE:COUR) Price Target Lowered to $12.00 at Truist Financial

Coursera (NYSE:COUR) had its target price cut by investment analysts at Truist Financial from $20.00 to $12.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 16.62% from the company’s current price.

COUR has been the subject of several other research reports. Cantor Fitzgerald lowered their price target on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday. Needham & Company LLC lowered their price target on shares of Coursera from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada reduced their price objective on shares of Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday. The Goldman Sachs Group lowered shares of Coursera from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $18.00 to $14.00 in a research note on Friday, January 19th. Finally, William Blair reiterated an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coursera has an average rating of “Moderate Buy” and a consensus price target of $18.30.

Coursera Trading Down 13.5 %

Shares of COUR traded down $1.60 during mid-day trading on Tuesday, hitting $10.29. The company’s stock had a trading volume of 4,692,575 shares, compared to its average volume of 1,734,408. The company’s 50-day moving average is $14.06 and its 200-day moving average is $17.25. Coursera has a 52-week low of $9.85 and a 52-week high of $21.26. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -13.27 and a beta of 1.48.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The firm had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. During the same quarter in the prior year, the company earned ($0.24) EPS. The company’s revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts predict that Coursera will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $842,500.00. Following the sale, the chief executive officer now directly owns 2,524,525 shares of the company’s stock, valued at $42,538,246.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Coursera news, CRO Leah F. Belsky sold 42,756 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $16.29, for a total transaction of $696,495.24. Following the transaction, the executive now directly owns 837,338 shares of the company’s stock, valued at $13,640,236.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $842,500.00. Following the transaction, the chief executive officer now directly owns 2,524,525 shares in the company, valued at $42,538,246.25. The disclosure for this sale can be found here. Insiders have sold 603,932 shares of company stock worth $9,051,814 over the last 90 days. 15.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. DekaBank Deutsche Girozentrale purchased a new position in shares of Coursera in the third quarter worth about $38,000. Daiwa Securities Group Inc. lifted its stake in shares of Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after buying an additional 580 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Coursera in the fourth quarter worth about $204,000. Moran Wealth Management LLC purchased a new position in shares of Coursera in the fourth quarter worth about $208,000. Finally, Martin Currie Ltd. purchased a new position in shares of Coursera in the third quarter worth about $212,000. 89.55% of the stock is owned by hedge funds and other 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.