Morgan Stanley Trims Coursera (NYSE:COUR) Target Price to $21.00

Coursera (NYSE:COURFree Report) had its price target reduced by Morgan Stanley from $25.00 to $21.00 in a report published on Friday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada reaffirmed an outperform rating and issued a $25.00 price objective on shares of Coursera in a research report on Friday, February 2nd. William Blair reaffirmed an outperform rating on shares of Coursera in a research report on Friday, February 2nd. Cantor Fitzgerald reaffirmed an overweight rating and issued a $26.00 price objective on shares of Coursera in a research report on Wednesday, April 17th. KeyCorp boosted their price target on shares of Coursera from $22.00 to $24.00 and gave the stock an overweight rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC boosted their price target on shares of Coursera from $21.00 to $23.00 and gave the stock a buy rating in a research report on Friday, February 2nd. 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 stock. According to MarketBeat.com, Coursera has a consensus rating of Moderate Buy and a consensus price target of $22.10.

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Coursera Stock Up 0.4 %

Shares of NYSE COUR opened at $11.95 on Friday. The company’s fifty day moving average is $14.67 and its 200-day moving average is $17.53. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -15.52 and a beta of 1.48. Coursera has a twelve month low of $9.91 and a twelve month high of $21.26.

Coursera (NYSE:COURGet Free Report) last posted 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 business had revenue of $168.88 million for the quarter, compared to analysts’ expectations of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. On average, research analysts anticipate that Coursera will post -0.47 EPS for the current fiscal year.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the transaction, the senior vice president now directly owns 167,798 shares in the company, valued at approximately $2,775,378.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Amanda Clark sold 1,562 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $16.85, for a total value of $26,319.70. Following the transaction, the director now owns 67,252 shares in the company, valued at approximately $1,133,196.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Alan B. Cardenas sold 5,864 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the transaction, the senior vice president now owns 167,798 shares in the company, valued at approximately $2,775,378.92. The disclosure for this sale can be found here. Insiders have sold 606,052 shares of company stock worth $9,516,704 in the last ninety days. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Coursera by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after purchasing an additional 570,177 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Coursera by 41.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after purchasing an additional 22,353 shares during the period. Acadian Asset Management LLC bought a new stake in Coursera in the 3rd quarter valued at about $585,000. FMR LLC boosted its holdings in Coursera by 4,271.1% in the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock valued at $2,584,000 after purchasing an additional 135,096 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Coursera by 1,167.6% in the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock valued at $3,643,000 after purchasing an additional 179,537 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

About Coursera

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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.

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Analyst Recommendations for Coursera (NYSE:COUR)

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