Coursera (NYSE:COUR) Given New $15.00 Price Target at Morgan Stanley

Coursera (NYSE:COUR) had its target price lowered by Morgan Stanley from $21.00 to $15.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also commented on COUR. Cantor Fitzgerald decreased their price objective on Coursera from $26.00 to $21.00 and set an overweight rating on the stock in a report on Tuesday. Telsey Advisory Group reiterated an outperform rating and issued a $25.00 target price on shares of Coursera in a research report on Thursday, April 25th. Royal Bank of Canada dropped their target price on shares of Coursera from $25.00 to $18.00 and set an outperform rating on the stock in a report on Tuesday. The Goldman Sachs Group cut Coursera from a neutral rating to a sell rating and cut their target price for the stock from $18.00 to $14.00 in a report on Friday, January 19th. Finally, William Blair restated an outperform rating on shares of Coursera in a report on Friday, February 2nd. One 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 company’s stock. According to MarketBeat, Coursera presently has a consensus rating of Moderate Buy and a consensus target price of $16.85.

Coursera Trading Up 0.8 %

Coursera stock opened at $9.61 on Tuesday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -13.93 and a beta of 1.57. Coursera has a 12 month low of $9.46 and a 12 month high of $21.26. The stock’s 50 day moving average is $13.67 and its 200-day moving average is $17.09.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The firm had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. During the same period in the prior year, the firm posted ($0.24) EPS. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, equities research analysts predict that Coursera will post -0.47 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Kenneth R. Hahn sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total transaction of $425,250.00. Following the transaction, the chief financial officer now directly owns 532,715 shares in the company, valued at $9,061,482.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Coursera news, COO Shravan Goli sold 35,450 shares of Coursera stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.48, for a total value of $584,216.00. Following the sale, the chief operating officer now owns 737,641 shares of the company’s stock, valued at $12,156,323.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth R. Hahn sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total transaction of $425,250.00. Following the completion of the transaction, the chief financial officer now owns 532,715 shares in the company, valued at $9,061,482.15. The disclosure for this sale can be found here. Insiders sold a total of 578,932 shares of company stock worth $8,548,314 over the last quarter. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Coursera by 5.7% during the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after purchasing an additional 570,177 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Coursera by 41.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after buying an additional 22,353 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Coursera during the 3rd quarter worth $585,000. FMR LLC increased its holdings in Coursera by 4,271.1% in the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after acquiring an additional 135,096 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Coursera by 1,167.6% in the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock valued at $3,643,000 after acquiring an additional 179,537 shares during the period. 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.