Royal Bank of Canada Reiterates Outperform Rating for Coursera (NYSE:COUR)

Coursera (NYSE:COUR)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a note issued to investors on Friday, Benzinga reports. They currently have a $18.00 price objective on the stock. Royal Bank of Canada’s price target indicates a potential upside of 56.79% from the company’s previous close.

A number of other research firms also recently issued reports on COUR. BMO Capital Markets reduced their price objective on Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Coursera in a research report on Friday. Truist Financial reduced their target price on shares of Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, April 30th. The Goldman Sachs Group reduced their target price on shares of Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a report on Wednesday, May 1st. Finally, KeyCorp reduced their target price on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.35.

Coursera Price Performance

Coursera stock traded up $4.07 during mid-day trading on Friday, reaching $11.48. 5,565,819 shares of the stock traded hands, compared to its average volume of 2,166,625. The stock has a market capitalization of $1.79 billion, a PE ratio of -16.64 and a beta of 1.44. Coursera has a 12-month low of $6.35 and a 12-month high of $21.26. The business’s 50-day moving average is $7.25 and its 200-day moving average is $12.22.

Coursera (NYSE:COUR) last released its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $170.43 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Coursera’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities analysts anticipate that Coursera will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

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

Hedge Funds Weigh In On Coursera

A number of large investors have recently made changes to their positions in COUR. Norges Bank purchased a new position in shares of Coursera in the 4th quarter valued at about $52,804,000. Assenagon Asset Management S.A. purchased a new position in shares of Coursera in the 2nd quarter valued at about $9,525,000. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Coursera by 164.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after purchasing an additional 1,098,701 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Coursera by 158.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after purchasing an additional 1,014,316 shares in the last quarter. Finally, Emory University purchased a new position in Coursera during the 4th quarter valued at about $17,893,000. 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.