KeyCorp Cuts Coursera (NYSE:COUR) Price Target to $12.00

Coursera (NYSE:COUR) had its target price cut by KeyCorp from $14.00 to $12.00 in a report issued on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently weighed in on COUR. Morgan Stanley dropped their price target on Coursera from $21.00 to $15.00 and set an overweight rating on the stock in a research note on Tuesday, April 30th. BMO Capital Markets lowered their target price on Coursera from $20.00 to $13.00 and set an outperform rating on the stock in a research report on Wednesday, May 1st. Telsey Advisory Group reissued an outperform rating and issued a $25.00 price target on shares of Coursera in a research report on Thursday, April 25th. The Goldman Sachs Group lowered their price objective on shares of Coursera from $15.00 to $10.50 and set a sell rating on the stock in a report on Wednesday, May 1st. Finally, Cantor Fitzgerald reduced their price objective on shares of Coursera from $26.00 to $21.00 and set an overweight rating for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Coursera has an average rating of Moderate Buy and a consensus price target of $15.35.

Coursera Stock Up 2.4 %

NYSE:COUR opened at $7.40 on Monday. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26. The company has a fifty day moving average of $7.25 and a 200-day moving average of $12.22. The firm has a market capitalization of $1.15 billion, a P/E ratio of -10.72 and a beta of 1.44.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.07 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 16.03%. The business had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. During the same period last year, the company posted ($0.24) earnings per share. The business’s quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts anticipate that Coursera will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coursera news, Director Andrew Y. Ng sold 3,981 shares of Coursera stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $8.56, for a total transaction of $34,077.36. Following the transaction, the director now owns 7,033,074 shares of the company’s stock, valued at approximately $60,203,113.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Amanda Clark sold 8,093 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the completion of the transaction, the director now owns 76,266 shares in the company, valued at $588,773.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew Y. Ng sold 3,981 shares of Coursera stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $8.56, for a total transaction of $34,077.36. Following the completion of the sale, the director now directly owns 7,033,074 shares in the company, valued at approximately $60,203,113.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,192 shares of company stock valued at $797,237. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. raised its holdings 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 worth $97,000 after purchasing an additional 580 shares during the period. QRG Capital Management Inc. raised its stake in shares of Coursera by 6.0% in the fourth quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock valued at $404,000 after buying an additional 1,181 shares during the period. Covestor Ltd lifted its position in shares of Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after buying an additional 1,846 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Coursera by 10.3% during the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock worth $333,000 after acquiring an additional 2,224 shares during the period. Finally, Natixis purchased a new stake in Coursera in the 1st quarter worth about $35,000. 89.55% of the stock is owned by institutional investors.

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.