Coursera (NYSE:COUR) Given “Equal Weight” Rating at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Coursera (NYSE:COUR) in a research note released on Thursday morning, Marketbeat Ratings reports. Morgan Stanley currently has a $11.00 price objective on the stock, up from their prior price objective of $10.00.

A number of other equities research analysts have also recently weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Bank of America reiterated an “underperform” rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target on shares of Coursera in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Coursera has a consensus rating of “Hold” and an average price target of $9.40.

Coursera Price Performance

Shares of COUR opened at $8.93 on Thursday. Coursera has a 1-year low of $5.76 and a 1-year high of $11.74. The stock has a market cap of $1.44 billion, a PE ratio of -17.17 and a beta of 1.38. The firm has a 50-day simple moving average of $8.04 and a two-hundred day simple moving average of $8.05.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The business had revenue of $179.30 million during the quarter, compared to analysts’ expectations of $175.60 million. During the same period last year, the business earned $0.07 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that Coursera will post -0.28 earnings per share for the current fiscal year.

Insider Activity at Coursera

In related news, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,152.32. Following the completion of the transaction, the director now owns 85,573 shares in the company, valued at $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sabrina Simmons sold 9,335 shares of Coursera stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,160.80. Following the completion of the transaction, the director now owns 50,215 shares of the company’s stock, valued at $425,823.20. This represents a 15.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,770 shares of company stock worth $211,087. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COUR. Janney Montgomery Scott LLC lifted its stake in Coursera by 15.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company’s stock worth $1,036,000 after acquiring an additional 16,724 shares during the last quarter. KBC Group NV lifted its stake in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after acquiring an additional 4,376 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Coursera in the fourth quarter worth approximately $107,000. New York State Common Retirement Fund lifted its stake in Coursera by 6.4% in the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after acquiring an additional 2,552 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in Coursera by 74.7% in the fourth quarter. Ieq Capital LLC now owns 68,790 shares of the company’s stock worth $585,000 after acquiring an additional 29,412 shares during the last quarter. Hedge funds and other 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.