Coursera (NYSE:COUR) Given New $13.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised the price target for Coursera from $10.00 to $13.00, reflecting a potential upside of 5.46% from its current price.
• Coursera reported earnings per share of $0.12, exceeding the consensus estimate, along with 9.9% year-over-year revenue growth.
• Several analysts have varying ratings for Coursera, with a consensus rating of "Hold" and a target price averaging $10.65.
• Institutional investors own approximately 89.55% of Coursera's stock, with significant increases in holdings by multiple hedge funds recently.

Coursera (NYSE:COUR - Free Report) had its target price upped by Royal Bank Of Canada from $10.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. Bank of America upgraded Coursera from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $7.00 to $12.00 in a report on Friday. Wall Street Zen downgraded shares of Coursera from a "buy" rating to a "hold" rating in a report on Friday, July 18th. KeyCorp reiterated an "overweight" rating and issued a $12.00 target price (up from $11.00) on shares of Coursera in a report on Friday. Cantor Fitzgerald raised their target price on shares of Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Morgan Stanley upped their price target on Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.25.

Coursera Stock Performance

Shares of NYSE:COUR 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 firm's fifty day moving average is $8.79 and its 200 day moving average is $8.16. The firm has a market capitalization of $1.95 billion, a PE ratio of -36.56 and a beta of 1.36. Coursera has a twelve month low of $5.76 and a twelve month high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.12 EPS 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 analysts' expectations of $180.52 million. Coursera had a negative return on equity of 5.22% and a negative net margin of 7.05%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 earnings per share. Equities analysts predict that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sabrina Simmons sold 9,335 shares of the 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 sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amanda Clark sold 9,334 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 $79,152.32. Following the sale, the director owned 85,573 shares of the company's stock, valued at $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,770 shares of company stock worth $211,087. 16.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. purchased a new stake in Coursera in the 2nd quarter worth approximately $183,000. CWM LLC increased its stake in shares of Coursera by 165.5% in the second quarter. CWM LLC now owns 63,179 shares of the company's stock worth $553,000 after acquiring an additional 39,385 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Coursera by 22.9% during the second quarter. KLP Kapitalforvaltning AS now owns 30,100 shares of the company's stock worth $264,000 after acquiring an additional 5,600 shares in the last quarter. 111 Capital raised its holdings in shares of Coursera by 152.8% during the second quarter. 111 Capital now owns 29,643 shares of the company's stock worth $260,000 after acquiring an additional 17,915 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Coursera during the second quarter valued at $239,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.