Coursera (NYSE:COUR) Given "Equal Weight" Rating at Morgan Stanley

Coursera (NYSE:COUR - Get Free Report)'s stock had its "equal weight" rating reaffirmed by research analysts at Morgan Stanley in a research note issued on Thursday, Marketbeat Ratings reports. They presently have a $11.00 target price on the stock, up from their prior target price of $10.00. Morgan Stanley's target price would indicate a potential upside of 24.65% from the stock's previous close.

COUR has been the topic of several other research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $12.00 price target on shares of Coursera in a research note on Tuesday, April 22nd. Bank of America reiterated an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. JPMorgan Chase & Co. decreased their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.40.

Coursera Stock Down 5.9%

COUR traded down $0.56 on Thursday, hitting $8.83. 2,201,283 shares of the company traded hands, compared to its average volume of 2,255,854. The company has a 50 day moving average of $7.95 and a 200-day moving average of $8.01. The stock has a market capitalization of $1.42 billion, a PE ratio of -16.97 and a beta of 1.38. Coursera has a 12-month low of $5.76 and a 12-month high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. The business had revenue of $179.30 million for the quarter, compared to analysts' expectations of $175.60 million. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The company's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. On average, research analysts anticipate that Coursera will post -0.28 EPS for the current year.

Insider Activity

In related news, Director Sabrina Simmons sold 9,335 shares of the business'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 sale, the director now owns 50,215 shares of the company's stock, valued at $425,823.20. The trade was a 15.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amanda Clark sold 9,334 shares of the business'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 value of $79,152.32. Following the sale, the director now directly owns 85,573 shares in the company, valued at approximately $725,659.04. The trade was a 9.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,770 shares of company stock valued at $211,087. Insiders own 16.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COUR. Norges Bank acquired a new position in Coursera in the fourth quarter worth approximately $17,010,000. Nuveen LLC acquired a new position in Coursera in the first quarter worth approximately $7,764,000. Two Sigma Investments LP acquired a new position in Coursera in the fourth quarter worth approximately $8,710,000. Ameriprise Financial Inc. grew its position in Coursera by 253.1% in the fourth 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. Finally, BNP Paribas Financial Markets acquired a new position in Coursera in the fourth quarter worth approximately $6,612,000. 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.