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

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 price target upped by equities research analysts at Cantor Fitzgerald from $10.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Cantor Fitzgerald's target price suggests a potential upside of 6.58% from the stock's current price.

Several other research firms have also weighed in on COUR. Wall Street Zen lowered shares of Coursera from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Morgan Stanley lifted their price target on shares of Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday. Telsey Advisory Group restated an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research note on Monday. Needham & Company LLC restated a "buy" rating and issued a $11.00 target price on shares of Coursera in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.40.

Coursera Trading Up 34.3%

COUR stock opened at $12.20 on Friday. The company has a market cap of $1.97 billion, a P/E ratio of -28.36 and a beta of 1.36. Coursera has a 52 week low of $5.76 and a 52 week high of $11.74. The company's 50-day moving average price is $8.65 and its 200 day moving average price is $8.11.

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

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 9,334 shares of the stock in a transaction 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 completion of the transaction, the director owned 85,573 shares in the company, valued at approximately $725,659.04. This represents a 9.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sabrina Simmons sold 9,335 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the transaction, the director owned 50,215 shares of the company's stock, valued at approximately $425,823.20. This represents a 15.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,770 shares of company stock worth $211,087. 16.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coursera

A number of large investors have recently modified their holdings of COUR. Vanguard Group Inc. increased its stake in Coursera by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 12,306,979 shares of the company's stock worth $81,964,000 after purchasing an additional 159,820 shares during the period. Norges Bank purchased a new position in Coursera in the 4th quarter worth approximately $17,010,000. Deutsche Bank AG increased its stake in Coursera by 7.7% in the 1st quarter. Deutsche Bank AG now owns 1,986,750 shares of the company's stock worth $13,232,000 after purchasing an additional 141,745 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Coursera by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company's stock worth $14,131,000 after buying an additional 14,873 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of 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 during the last quarter. 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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