Coursera's (COUR) Equal Weight Rating Reiterated at Morgan Stanley

Coursera (NYSE:COUR - Get Free Report)'s stock had its "equal weight" rating reiterated by research analysts at Morgan Stanley in a report issued on Thursday, Marketbeat reports. They presently have a $11.00 price objective on the stock, up from their prior price objective of $10.00. Morgan Stanley's price objective would indicate a potential upside of 23.18% from the company's current price.

COUR has been the subject of several other research reports. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Friday, April 25th. Bank of America reissued 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, Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 target price on shares of Coursera in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $9.40.

Coursera Stock Up 0.8%

Coursera stock traded up $0.07 during trading hours on Thursday, hitting $8.93. The stock had a trading volume of 2,098,581 shares, compared to its average volume of 2,234,211. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -17.17 and a beta of 1.38. The business's 50 day simple moving average is $8.04 and its 200-day simple moving average is $8.05. Coursera has a one year low of $5.76 and a one year high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $179.30 million during 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 business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Research analysts anticipate that Coursera will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president now owns 293,368 shares in the company, valued at $2,537,633.20. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction that occurred 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 now owns 85,573 shares in the company, valued at $725,659.04. This represents a 9.83% decrease in their position. 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. Corporate insiders own 16.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COUR. Quarry LP lifted its holdings in shares of Coursera by 1,848.6% in the first quarter. Quarry LP now owns 4,131 shares of the company's stock valued at $28,000 after purchasing an additional 3,919 shares in the last quarter. State of Wyoming lifted its holdings in shares of Coursera by 959.1% in the fourth 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. SBI Securities Co. Ltd. bought a new stake in Coursera during the fourth quarter worth $35,000. Pale Fire Capital SE bought a new stake in Coursera during the first quarter worth $67,000. Finally, Xponance Inc. bought a new stake in Coursera during the first quarter worth $69,000. Institutional investors 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.