Coursera (NYSE:COUR) Given New $21.00 Price Target at Cantor Fitzgerald

Coursera (NYSE:COUR) had its price objective decreased by Cantor Fitzgerald from $26.00 to $21.00 in a research note released on Tuesday, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

COUR has been the subject of several other reports. Truist Financial upped their price objective on shares of Coursera from $17.00 to $20.00 and gave the stock a hold rating in a report on Friday, February 2nd. William Blair reiterated an outperform rating on shares of Coursera in a research note on Friday, February 2nd. KeyCorp cut their price objective on Coursera from $24.00 to $20.00 and set an overweight rating for the company in a research report on Wednesday, April 24th. Telsey Advisory Group reaffirmed an outperform rating and issued a $25.00 target price on shares of Coursera in a report on Thursday, April 25th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $25.00 price target on shares of Coursera in a report on Friday, February 2nd. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $16.85.

Coursera Price Performance

Coursera stock opened at $9.61 on Tuesday. Coursera has a one year low of $9.46 and a one year high of $21.26. The company’s fifty day moving average price is $13.67 and its two-hundred day moving average price is $17.09. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -13.93 and a beta of 1.57.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The business had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Coursera will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the sale, the chief executive officer now directly owns 2,177,496 shares in the company, valued at approximately $25,933,977.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Kenneth R. Hahn sold 25,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total transaction of $425,250.00. Following the completion of the sale, the chief financial officer now owns 532,715 shares in the company, valued at approximately $9,061,482.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the completion of the transaction, the chief executive officer now owns 2,177,496 shares in the company, valued at $25,933,977.36. The disclosure for this sale can be found here. Insiders sold 578,932 shares of company stock valued at $8,548,314 over the last quarter. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of COUR. Daiwa Securities Group Inc. increased its holdings in shares of Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares in the last quarter. Bailard Inc. raised its holdings in shares of Coursera by 1.0% during the third quarter. Bailard Inc. now owns 91,440 shares of the company’s stock worth $1,709,000 after acquiring an additional 866 shares during the period. Victory Capital Management Inc. raised its stake in shares of Coursera by 9.4% in the 3rd quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock valued at $224,000 after purchasing an additional 1,029 shares during the period. QRG Capital Management Inc. lifted its stake in Coursera by 6.0% in the 4th quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock valued at $404,000 after acquiring an additional 1,181 shares in the last quarter. Finally, Aviva PLC lifted its position in shares of Coursera by 7.5% in the third quarter. Aviva PLC now owns 23,077 shares of the company’s stock worth $431,000 after purchasing an additional 1,607 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.