Needham & Company LLC Lowers Coursera (NYSE:COUR) Price Target to $11.00

Coursera (NYSE:COUR) had its price target reduced by stock analysts at Needham & Company LLC from $15.00 to $11.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 44.26% from the stock’s current price.

A number of other equities analysts have also commented on the company. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research report on Monday. The Goldman Sachs Group reduced their price objective on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research report on Friday, July 26th. KeyCorp dropped their target price on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.91.

Coursera Stock Up 1.8 %

Shares of Coursera stock opened at $7.63 on Friday. Coursera has a 12-month low of $6.35 and a 12-month high of $21.26. The stock has a market capitalization of $1.19 billion, a P/E ratio of -11.05 and a beta of 1.42. The stock has a 50 day moving average price of $7.83 and a two-hundred day moving average price of $8.34.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.08. The business had revenue of $176.09 million during the quarter, compared to the consensus estimate of $173.94 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. Sell-side analysts anticipate that Coursera will post -0.44 earnings per share for the current year.

Insider Activity

In other news, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the transaction, the director now owns 7,203,892 shares in the company, valued at $60,512,692.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Hedge funds have recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its position in Coursera by 84.5% in the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after buying an additional 104,236 shares in the last quarter. M&G Plc bought a new position in shares of Coursera in the second quarter valued at approximately $5,048,000. SG Americas Securities LLC boosted its holdings in shares of Coursera by 461.8% in the 1st quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock worth $1,127,000 after acquiring an additional 66,056 shares in the last quarter. Acadian Asset Management LLC grew its position in Coursera by 231.5% during the 1st quarter. Acadian Asset Management LLC now owns 465,869 shares of the company’s stock worth $6,528,000 after acquiring an additional 325,327 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Coursera by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock worth $216,008,000 after acquiring an additional 536,890 shares during the last quarter. Institutional investors and hedge funds 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.