Coursera’s (COUR) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Coursera (NYSE:COUR) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $26.00 price objective on the stock.

Several other research firms also recently commented on COUR. Truist Financial boosted their price objective on Coursera from $17.00 to $20.00 and gave the company a hold rating in a report on Friday, February 2nd. 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. KeyCorp lifted their target price on Coursera from $22.00 to $24.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Telsey Advisory Group lifted their target price on Coursera from $24.00 to $25.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group cut Coursera from a neutral rating to a sell rating and cut their target price for the company from $18.00 to $14.00 in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $22.10.

Coursera Stock Down 1.3 %

NYSE COUR opened at $11.83 on Wednesday. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -15.36 and a beta of 1.48. Coursera has a 52 week low of $9.91 and a 52 week high of $21.26. The business has a 50 day moving average price of $14.90 and a 200-day moving average price of $17.62.

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

Insider Buying and Selling at Coursera

In other Coursera news, CAO Michele M. Meyers sold 2,540 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.86, for a total value of $42,824.40. Following the completion of the transaction, the chief accounting officer now owns 206,059 shares in the company, valued at approximately $3,474,154.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Michele M. Meyers sold 2,540 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.86, for a total transaction of $42,824.40. Following the completion of the transaction, the chief accounting officer now owns 206,059 shares in the company, valued at approximately $3,474,154.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $13.14, for a total value of $657,000.00. Following the transaction, the chief executive officer now owns 2,227,496 shares of the company’s stock, valued at approximately $29,269,297.44. The disclosure for this sale can be found here. Insiders sold 564,802 shares of company stock worth $9,069,354 in the last quarter. 15.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. grew its stake in shares of Coursera by 43.1% during the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after acquiring an additional 7,773,508 shares during the period. Norges Bank purchased a new stake in Coursera during the 4th quarter worth about $137,598,000. Vanguard Group Inc. lifted its holdings in Coursera by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock worth $216,008,000 after purchasing an additional 536,890 shares in the last quarter. BlackRock Inc. lifted its holdings in Coursera by 16.5% during the 2nd quarter. BlackRock Inc. now owns 8,027,863 shares of the company’s stock worth $104,523,000 after purchasing an additional 1,134,436 shares in the last quarter. Finally, Eventide Asset Management LLC lifted its holdings in 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 purchasing an additional 243,894 shares in the last quarter. 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.