Coursera's (COUR) Overweight Rating Reiterated 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)'s stock had its "overweight" rating reissued by investment analysts at KeyCorp in a note issued to investors on Friday, MarketBeat.com reports. They presently have a $12.00 price target on the stock, up from their prior price target of $11.00. KeyCorp's price target indicates a potential upside of 0.50% from the stock's current price.

COUR has been the topic of a number of other research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $12.00 price objective on shares of Coursera in a research note on Monday, July 21st. Morgan Stanley restated an "equal weight" rating and set a $11.00 target price (up from $10.00) on shares of Coursera in a report on Thursday, June 5th. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a report on Monday, July 21st. JPMorgan Chase & Co. raised their target price on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, Bank of America upgraded shares of Coursera from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $7.00 to $12.00 in a report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.25.

Coursera Price Performance

NYSE COUR opened at $11.94 on Friday. Coursera has a 12 month low of $5.76 and a 12 month high of $13.56. The firm has a market capitalization of $1.93 billion, a PE ratio of -36.18 and a beta of 1.36. The company's 50 day simple moving average is $8.92 and its 200 day simple moving average is $8.22.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The business had revenue of $187.10 million for the quarter, compared to analyst estimates of $180.52 million. During the same quarter last year, the business earned $0.09 earnings per share. The business's revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts anticipate that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,152.32. Following the completion of the transaction, the director owned 85,573 shares of the company's stock, valued at approximately $725,659.04. This trade represents a 9.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total transaction of $52,773.65. Following the completion of the transaction, the senior vice president directly owned 293,368 shares of the company's stock, valued at $2,537,633.20. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,270 shares of company stock worth $356,087. Company insiders own 16.80% of the company's stock.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. Norges Bank acquired a new position in Coursera in the 4th quarter worth approximately $17,010,000. Nuveen LLC purchased a new stake in Coursera in the 1st quarter worth approximately $7,764,000. Two Sigma Investments LP purchased a new stake in Coursera in the 4th quarter worth approximately $8,710,000. Ameriprise Financial Inc. lifted its position in Coursera by 253.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock worth $12,107,000 after buying an additional 1,020,969 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Coursera in the 4th quarter worth approximately $6,612,000. 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.