BMO Capital Markets Cuts Coursera (NYSE:COUR) Price Target to $13.00

Coursera (NYSE:COUR) had its price objective lowered by BMO Capital Markets from $20.00 to $13.00 in a research report released on Wednesday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

COUR has been the topic of a number of other reports. The Goldman Sachs Group cut 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 note on Friday, January 19th. KeyCorp reduced their price target 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. Needham & Company LLC cut their target price on Coursera from $23.00 to $15.00 and set a buy rating for the company in a research report on Tuesday. William Blair reiterated an outperform rating on shares of Coursera in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald reduced their price objective on shares of Coursera from $26.00 to $21.00 and set an overweight rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $16.85.

Coursera Stock Up 0.8 %

Coursera stock opened at $9.61 on Wednesday. Coursera has a 52-week low of $9.46 and a 52-week high of $21.26. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -13.93 and a beta of 1.57. The firm has a 50-day moving average price of $13.67 and a two-hundred day moving average price of $17.09.

Coursera (NYSE:COUR) last issued its quarterly earnings data 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. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The business had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. During the same period in the prior year, the company posted ($0.24) EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Research analysts expect that Coursera will post -0.47 earnings per share for the current year.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of Coursera stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the transaction, the senior vice president now directly owns 167,798 shares in the company, valued at approximately $2,775,378.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Kenneth R. Hahn sold 25,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total value of $425,250.00. Following the completion of the sale, the chief financial officer now directly owns 532,715 shares of the company’s stock, valued at approximately $9,061,482.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alan B. Cardenas sold 5,864 shares of Coursera stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the transaction, the senior vice president now directly owns 167,798 shares in the company, valued at approximately $2,775,378.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 578,932 shares of company stock worth $8,548,314. 16.30% of the stock is owned by corporate insiders.

Institutional Trading of Coursera

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