Coursera (NYSE:COUR) Price Target Raised to $12.00 at KeyCorp

Key Points

• KeyCorp has raised its price target for Coursera (NYSE:COUR) from $11.00 to $12.00, indicating a potential upside of 31.98% from the current price.
• The stock recently saw mixed analyst ratings, with a consensus rating of "Hold" and a consensus price target of $10.06, while seven analysts have assigned a buy rating.
• Coursera reported a quarterly earnings beat with $0.12 EPS and a revenue of $187.1 million, reflecting a 9.9% increase from the same quarter last year.

Coursera (NYSE:COUR - Get Free Report) had its price target upped by KeyCorp from $11.00 to $12.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price objective would suggest a potential upside of 31.98% from the company's current price.

Several other research analysts also recently commented on COUR. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coursera in a research report on Monday. Morgan Stanley reaffirmed an "equal weight" rating and set a $11.00 price target (up previously from $10.00) on shares of Coursera in a research note on Thursday, June 5th. Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 target price on shares of Coursera in a research note on Monday. Bank of America upgraded Coursera from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $7.00 to $12.00 in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.06.

Coursera Stock Up 1.5%

Shares of COUR stock opened at $9.09 on Friday. The stock has a 50-day simple moving average of $8.65 and a 200 day simple moving average of $8.11. Coursera has a fifty-two week low of $5.76 and a fifty-two week high of $11.74. The stock has a market capitalization of $1.47 billion, a P/E ratio of -21.14 and a beta of 1.36.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. The firm had revenue of $187.10 million during the quarter, compared to analyst estimates of $180.52 million. During the same period last year, the company posted $0.09 EPS. The business's quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Coursera will post -0.28 earnings per share for the current year.

Insider Activity at Coursera

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the sale, the director owned 50,215 shares of the company's stock, valued at $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,152.32. Following the transaction, the director directly owned 85,573 shares in the company, valued at approximately $725,659.04. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,770 shares of company stock valued at $211,087. Insiders own 16.80% of the company's stock.

Hedge Funds Weigh In On Coursera

A number of institutional investors have recently modified their holdings of COUR. State of Wyoming lifted its position in Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock valued at $33,000 after purchasing an additional 3,520 shares during the period. Quarry LP increased its stake in shares of Coursera by 1,848.6% during the first quarter. Quarry LP now owns 4,131 shares of the company's stock worth $28,000 after purchasing an additional 3,919 shares in the last quarter. Pale Fire Capital SE purchased a new stake in shares of Coursera during the first quarter worth about $67,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Coursera during the fourth quarter worth about $86,000. Finally, Xponance Inc. purchased a new stake in shares of Coursera during the first quarter worth about $69,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.

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