Coursera (NYSE:COUR) Price Target Cut to $10.00 by Analysts at Royal Bank of Canada

Coursera (NYSE:COUR) had its price objective trimmed by Royal Bank of Canada from $18.00 to $10.00 in a report released on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Cantor Fitzgerald cut their target price on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday. Morgan Stanley dropped their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday. BMO Capital Markets lowered their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday. KeyCorp reduced their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Needham & Company LLC lowered their target price on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.66.

Coursera Price Performance

NYSE:COUR opened at $6.88 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of -9.96 and a beta of 1.42. The business has a fifty day simple moving average of $7.80 and a two-hundred day simple moving average of $8.30. Coursera has a 1 year low of $6.29 and a 1 year high of $21.26.

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 the consensus estimate of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same quarter last year, the firm posted ($0.20) EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, analysts anticipate that Coursera will post -0.44 earnings per share for the current year.

Insider Activity

In related news, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew Y. Ng sold 25,000 shares of Coursera 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 transaction, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. 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 quarter, insiders have sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coursera

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