Morgan Stanley Boosts Coursera (NYSE:COUR) Price Target to $12.00

Key Points

• Morgan Stanley 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.
• Coursera recently reported earnings of $0.12 per share, surpassing expectations, with revenue of $187.10 million, up 9.9% year-over-year.
• Institutional investors hold 89.55% of Coursera's stock, with several firms recently increasing their stakes in the company.

Coursera (NYSE:COUR - Get Free Report) had its price objective raised by research analysts at Morgan Stanley from $11.00 to $12.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective suggests a potential upside of 31.98% from the company's current price.

Several other research firms have also recently issued reports on COUR. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $12.00 target price on shares of Coursera in a research report on Monday. KeyCorp raised their price target on shares of Coursera from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Friday. Finally, Wall Street Zen lowered shares of Coursera from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.15.

Coursera Trading Up 1.5%

COUR stock opened at $9.09 on Friday. The firm has a 50 day moving average of $8.65 and a 200-day moving average of $8.11. Coursera has a 12-month low of $5.76 and a 12-month high of $11.74. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -21.14 and a beta of 1.36.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $187.10 million during the quarter, compared to analysts' expectations of $180.52 million. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. Sell-side analysts forecast that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of the business's 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 transaction, the director owned 50,215 shares of the company's stock, valued at approximately $425,823.20. The trade was a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amanda Clark sold 9,334 shares of the company's stock in a transaction 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 directly owned 85,573 shares in the company, valued at approximately $725,659.04. This trade represents a 9.83% 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. 16.80% of the stock is owned by corporate insiders.

Institutional Trading of Coursera

Large investors have recently made changes to their positions in the company. Quarry LP raised its stake in shares of Coursera by 1,848.6% during 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. State of Wyoming increased its stake in Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock valued at $33,000 after purchasing an additional 3,520 shares in the last quarter. Pale Fire Capital SE purchased a new position in Coursera in the 1st quarter valued at approximately $67,000. Xponance Inc. purchased a new position in Coursera in the 1st quarter valued at approximately $69,000. Finally, Pallas Capital Advisors LLC purchased a new position in Coursera in the 1st quarter valued at approximately $71,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.

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