Coursera (NYSE:COUR) PT Raised to $22.00

Coursera (NYSE:COUR) had its price target increased by analysts at Cantor Fitzgerald from $21.00 to $22.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 104.27% from the stock’s current price.

Several other equities analysts have also commented on COUR. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Coursera in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $18.00 price target on shares of Coursera in a research report on Monday. BMO Capital Markets upped their target price on Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial cut their target price on Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group cut their target price on Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.10.

Coursera Stock Performance

Shares of NYSE:COUR traded up $3.36 during trading on Friday, reaching $10.77. 19,351,012 shares of the stock were exchanged, compared to its average volume of 2,263,025. Coursera has a 12-month low of $6.35 and a 12-month high of $21.26. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -15.75 and a beta of 1.44. The firm’s 50-day moving average price is $7.25 and its 200 day moving average price is $12.22.

Coursera (NYSE:COUR) last issued its 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. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The business had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. During the same quarter in the previous year, the business earned ($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 forecast that Coursera will post -0.45 EPS for the current year.

Insider Activity

In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total value of $480,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at approximately $20,423,961.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Richard J. Jacquet sold 16,273 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $9.40, for a total transaction of $152,966.20. Following the transaction, the senior vice president now owns 249,456 shares of the company’s stock, valued at approximately $2,344,886.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total value of $480,000.00. Following the transaction, the chief executive officer now directly owns 2,127,496 shares in the company, valued at approximately $20,423,961.60. The disclosure for this sale can be found here. Insiders sold a total of 86,192 shares of company stock valued at $797,237 over the last three months. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of Coursera by 7,568.6% during the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after acquiring an additional 3,860 shares during the last quarter. Natixis bought a new stake in Coursera during the 1st quarter valued at approximately $35,000. Covestor Ltd boosted its stake in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after purchasing an additional 1,846 shares during the period. Daiwa Securities Group Inc. boosted its stake in Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares during the period. Finally, MQS Management LLC bought a new stake in shares of Coursera in the 1st quarter worth approximately $162,000. Institutional investors and hedge funds 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.