Coursera (NYSE:COUR) Price Target Cut to $20.00

Coursera (NYSE:COUR - Get Free Report) had its target price dropped by KeyCorp from $24.00 to $20.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's target price points to a potential upside of 67.93% from the stock's previous close.

Several other equities research analysts also recently issued reports on the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $26.00 price objective on shares of Coursera in a research note on Wednesday, April 17th. William Blair reaffirmed an "outperform" rating on shares of Coursera in a research report on Friday, February 2nd. The Goldman Sachs Group downgraded shares of Coursera from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $18.00 to $14.00 in a report on Friday, January 19th. Truist Financial raised their price target on Coursera from $17.00 to $20.00 and gave the company a "hold" rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 target price on shares of Coursera in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.70.

Coursera Price Performance

Shares of COUR traded down $0.21 during midday trading on Wednesday, reaching $11.91. The stock had a trading volume of 2,040,739 shares, compared to its average volume of 1,662,462. The company has a market capitalization of $1.87 billion, a P/E ratio of -15.73 and a beta of 1.48. The firm's 50 day moving average price is $14.47 and its 200-day moving average price is $17.45. Coursera has a 52 week low of $9.91 and a 52 week high of $21.26.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The company had revenue of $168.88 million for the quarter, compared to analysts' expectations of $163.64 million. On average, equities analysts forecast that Coursera will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Michele M. Meyers sold 2,880 shares of the business's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total value of $34,560.00. Following the completion of the transaction, the chief accounting officer now owns 240,159 shares of the company's stock, valued at approximately $2,881,908. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Michele M. Meyers sold 2,880 shares of the firm's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the sale, the chief accounting officer now directly owns 240,159 shares in the company, valued at $2,881,908. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total value of $503,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,551,930 shares in the company, valued at approximately $51,395,870.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 653,932 shares of company stock valued at $10,054,814. Company insiders own 15.90% of the company's stock.

Institutional Trading of Coursera

Several large investors have recently modified their holdings of the stock. Baillie Gifford & Co. lifted its stake in Coursera by 43.1% in the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company's stock valued at $482,710,000 after purchasing an additional 7,773,508 shares during the last quarter. Vanguard Group Inc. lifted its stake in Coursera by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company's stock valued at $216,008,000 after buying an additional 536,890 shares during the period. Eventide Asset Management LLC grew its position in shares of Coursera by 6.6% during the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company's stock worth $76,275,000 after buying an additional 243,894 shares during the period. Norges Bank bought a new stake in shares of Coursera in the 4th quarter valued at $52,804,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Coursera by 38.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company's stock valued at $47,952,000 after acquiring an additional 690,931 shares during the period. 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.