Coursera (NYSE:COUR) Price Target Raised to $13.00

Key Points

• Cantor Fitzgerald raised Coursera's price target from $10.00 to $13.00, indicating a potential upside of 6.58% from its current price.
• Coursera reported earnings of $0.12 per share, surpassing estimates, with revenues of $187.10 million, a 9.9% increase year-over-year.
• Despite positive earnings, Wall Street Zen downgraded Coursera from a "buy" to a "hold" rating, reflecting mixed sentiments among analysts.
• Significant insider sales occurred, with directors Amanda Clark and Sabrina Simmons both selling shares, indicating potential caution among insiders.

Coursera (NYSE:COUR - Get Free Report) had its target price hoisted by equities researchers at Cantor Fitzgerald from $10.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective indicates a potential upside of 7.66% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. KeyCorp reiterated an "overweight" rating and set a $12.00 price objective (up previously from $11.00) on shares of Coursera in a research note on Friday. Wall Street Zen lowered shares of Coursera from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Needham & Company LLC reiterated a "buy" rating and set a $11.00 price objective on shares of Coursera in a research note on Monday, July 21st. Finally, Morgan Stanley increased their price objective on shares of Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Coursera has an average rating of "Moderate Buy" and an average target price of $11.25.

Coursera Stock Performance

Shares of Coursera stock traded down $0.44 during trading on Friday, reaching $12.08. The company had a trading volume of 3,106,980 shares, compared to its average volume of 2,127,277. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -36.56 and a beta of 1.36. The firm's fifty day moving average is $8.79 and its 200-day moving average is $8.16. Coursera has a fifty-two week low of $5.76 and a fifty-two week high of $13.56.

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

Insider Buying and Selling

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 transaction of $79,152.32. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sabrina Simmons sold 9,335 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 $79,160.80. Following the completion of the transaction, the director directly owned 50,215 shares of the company's stock, valued at $425,823.20. This represents a 15.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,770 shares of company stock worth $211,087. Corporate insiders own 16.80% of the company's stock.

Hedge Funds Weigh In On Coursera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming boosted its stake in Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after purchasing an additional 3,520 shares during the period. Quarry LP lifted its position in Coursera by 1,848.6% in the 1st quarter. Quarry LP now owns 4,131 shares of the company's stock worth $28,000 after buying an additional 3,919 shares in the last quarter. Pale Fire Capital SE purchased a new stake in Coursera in the 1st quarter worth approximately $67,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Coursera in the 4th quarter worth approximately $86,000. Finally, Xponance Inc. purchased a new stake in Coursera in the 1st quarter worth approximately $69,000. Institutional investors and hedge funds own 89.55% of the company's stock.

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.