Coursera (NYSE:COUR) Price Target Cut to $11.00 by Analysts at Needham & Company LLC

Coursera (NYSE:COUR) had its price target cut by Needham & Company LLC from $15.00 to $11.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research note on Friday, July 26th. BMO Capital Markets boosted their target price on shares of Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group lowered their price target on Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a report on Friday, July 26th. KeyCorp cut their price objective on Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 target price on shares of Coursera in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.66.

Coursera Trading Down 9.8 %

Coursera stock opened at $6.88 on Friday. Coursera has a 12 month low of $6.29 and a 12 month high of $21.26. The stock has a fifty day simple moving average of $7.80 and a two-hundred day simple moving average of $8.30. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -9.96 and a beta of 1.42.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The company had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. Coursera’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company earned ($0.20) EPS. On average, equities research analysts forecast that Coursera will post -0.44 EPS for the current fiscal year.

Insider Activity at Coursera

In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the sale, the director now owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the sale, the director now owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently added to or reduced their stakes in COUR. CWM LLC lifted its holdings in shares of Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after buying an additional 3,860 shares in the last quarter. Natixis purchased a new stake in Coursera in the 1st quarter worth $35,000. Covestor Ltd boosted its holdings 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 purchasing an additional 1,846 shares during the last quarter. nVerses Capital LLC grew its position in shares of Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation bought a new stake in shares of Coursera in the second quarter worth about $73,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.