Coursera (NYSE:COUR - Get Free Report) had its price target cut by research analysts at The Goldman Sachs Group from $15.00 to $10.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 7.58% from the stock's previous close.
Other analysts also recently issued research reports about the stock. Truist Financial lowered their target price on shares of Coursera from $20.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday. KeyCorp dropped their price target on Coursera from $24.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, April 24th. Morgan Stanley lowered their target price on Coursera from $21.00 to $15.00 and set an "overweight" rating on the stock in a research note on Tuesday. BMO Capital Markets reduced their price target on shares of Coursera from $20.00 to $13.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Needham & Company LLC dropped their target price on shares of Coursera from $23.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday. One research 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, Coursera presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.85.
Read Our Latest Research Report on COUR
Coursera Stock Performance
Shares of COUR stock traded down $0.46 during trading hours on Wednesday, hitting $9.76. 4,697,312 shares of the company were exchanged, compared to its average volume of 1,814,196. Coursera has a fifty-two week low of $9.68 and a fifty-two week high of $21.26. The company has a 50 day simple moving average of $13.93 and a two-hundred day simple moving average of $17.20. The firm has a market cap of $1.54 billion, a P/E ratio of -14.14 and a beta of 1.48.
Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The company had revenue of $169.10 million for the quarter, compared to analysts' expectations of $170.43 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. The business's revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts expect that Coursera will post -0.47 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total transaction of $595,500.00. Following the completion of the sale, the chief executive officer now owns 2,177,496 shares of the company's stock, valued at $25,933,977.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $12.00, for a total transaction of $34,560.00. Following the completion of the sale, the chief accounting officer now owns 240,159 shares of the company's stock, valued at $2,881,908. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total transaction of $595,500.00. Following the transaction, the chief executive officer now directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The disclosure for this sale can be found here. Insiders sold a total of 603,932 shares of company stock worth $9,051,814 in the last quarter. 15.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On Coursera
Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Coursera during the third quarter valued at approximately $38,000. Daiwa Securities Group Inc. lifted its stake in shares of Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company's stock valued at $97,000 after purchasing an additional 580 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Coursera in the 4th quarter valued at approximately $204,000. Moran Wealth Management LLC purchased a new stake in Coursera in the fourth quarter worth $208,000. Finally, Martin Currie Ltd. purchased a new position in Coursera during the third quarter valued at $212,000. Hedge funds and other institutional investors own 89.55% of the company's stock.
About Coursera
(
Get Free Report)
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.
Recommended Stories
Before you consider Coursera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coursera wasn't on the list.
While Coursera currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
