Coursera (NYSE:COUR) PT Raised to $11.00 at BMO Capital Markets

Coursera (NYSE:COUR) had its price objective hoisted by BMO Capital Markets from $10.00 to $11.00 in a research report report published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on COUR. Royal Bank of Canada reiterated an outperform rating and set a $18.00 target price on shares of Coursera in a research report on Friday. Morgan Stanley reduced their price objective on Coursera from $21.00 to $15.00 and set an overweight rating on the stock in a research report on Tuesday, April 30th. The Goldman Sachs Group reduced their price objective on Coursera from $10.50 to $9.00 and set a sell rating on the stock in a research report on Friday. Needham & Company LLC restated a buy rating and issued a $15.00 price objective on shares of Coursera in a research report on Friday. Finally, KeyCorp dropped their target price on Coursera from $14.00 to $12.00 and set an overweight rating for the company in a research note on Monday, July 22nd. 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 stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $15.10.

Coursera Price Performance

Shares of COUR stock opened at $9.34 on Friday. The business’s fifty day moving average price is $7.31 and its 200 day moving average price is $11.99. Coursera has a 1-year low of $6.35 and a 1-year high of $21.26. The firm has a market capitalization of $1.46 billion, a PE ratio of -13.54 and a beta of 1.44.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $170.30 million for the quarter, compared to analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.77% and a negative net margin of 14.35%. Coursera’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.20) earnings per share. Equities research analysts expect that Coursera will post -0.45 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Amanda Clark sold 8,093 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $7.72, for a total value of $62,477.96. Following the completion of the transaction, the director now owns 76,266 shares of the company’s stock, valued at $588,773.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Amanda Clark sold 8,093 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the transaction, the director now directly owns 76,266 shares in the company, valued at $588,773.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard J. Jacquet sold 16,273 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total transaction of $152,966.20. Following the sale, the senior vice president now directly owns 249,456 shares of the company’s stock, valued at approximately $2,344,886.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,192 shares of company stock worth $797,237. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently modified their holdings of COUR. CWM LLC grew its position 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 buying an additional 3,860 shares during the last quarter. Natixis bought a new position in Coursera in the 1st quarter worth about $35,000. Covestor Ltd grew its position in Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after purchasing an additional 580 shares during the last quarter. Finally, MQS Management LLC bought a new position in Coursera in the 1st quarter worth about $162,000. Institutional investors own 89.55% of the company’s stock.

About Coursera

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.