Loop Capital Boosts Coursera (NYSE:COUR) Price Target to $15.00

Key Points

• Loop Capital has raised Coursera's price target from $12.00 to $15.00, suggesting a potential upside of 20.7% from its previous close.
• The stock traded at $12.43 with a 36.9% increase and a market cap of $2.01 billion during recent trading.
• Despite the positive ratings from several analysts, the average consensus remains a "Hold" with a target price of $11.25.

Coursera (NYSE:COUR - Get Free Report) had its target price upped by analysts at Loop Capital from $12.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Loop Capital's price objective would indicate a potential upside of 24.63% from the stock's current price.

Several other brokerages have also weighed in on COUR. Scotiabank upped their target price on shares of Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Friday. Morgan Stanley upped their target price on shares of Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday. Bank of America upgraded shares of Coursera from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $7.00 to $12.00 in a research 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. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $12.00 price target (up previously from $11.00) on shares of Coursera in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.25.

Coursera Stock Performance

NYSE COUR traded down $0.47 during trading on Friday, reaching $12.04. The company's stock had a trading volume of 5,144,405 shares, compared to its average volume of 3,928,573. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -36.47 and a beta of 1.36. Coursera has a twelve month low of $5.76 and a twelve month high of $13.56. The business's fifty day moving average price is $8.86 and its 200-day moving average price is $8.19.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted $0.09 earnings per share. The business's revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Coursera will post -0.28 EPS for the current fiscal year.

Insider Activity at Coursera

In related news, CAO Michele M. Meyers sold 12,500 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $11.60, for a total transaction of $145,000.00. Following the completion of the transaction, the chief accounting officer owned 253,351 shares of the company's stock, valued at approximately $2,938,871.60. This represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sabrina Simmons sold 9,335 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 $79,160.80. Following the completion of the sale, the director directly owned 50,215 shares of the company's stock, valued at $425,823.20. The trade was a 15.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,270 shares of company stock worth $356,087. 16.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coursera

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Coursera by 1.3% during the first 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 last quarter. Norges Bank bought a new position in shares of Coursera in the 4th quarter worth about $17,010,000. Deutsche Bank AG lifted its position in shares of 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 buying an additional 141,745 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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. lifted 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. 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.