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

Coursera (NYSE:COUR)‘s stock had its “overweight” rating reissued by equities researchers at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They presently have a $26.00 price objective on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 118.30% from the company’s previous close.

COUR has been the topic of several other reports. KeyCorp upped their price target on shares of Coursera from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. William Blair reaffirmed an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Needham & Company LLC upped their price target on shares of Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Truist Financial upped their price target on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Coursera in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Coursera currently has an average rating of “Moderate Buy” and a consensus target price of $22.10.

Coursera Stock Down 0.6 %

Shares of COUR traded down $0.07 during trading hours on Wednesday, reaching $11.91. 1,540,987 shares of the company traded hands, compared to its average volume of 1,625,160. The stock has a market capitalization of $1.87 billion, a P/E ratio of -15.49 and a beta of 1.48. Coursera has a 12-month low of $9.91 and a 12-month high of $21.26. The business has a fifty day moving average price of $15.02 and a 200-day moving average price of $17.67.

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

Insider Transactions at Coursera

In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $13.14, for a total value of $657,000.00. Following the transaction, the chief executive officer now directly owns 2,227,496 shares of the company’s stock, valued at approximately $29,269,297.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $13.14, for a total value of $657,000.00. Following the transaction, the chief executive officer now directly owns 2,227,496 shares of the company’s stock, valued at approximately $29,269,297.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan B. Cardenas sold 5,864 shares of the firm’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 directly owns 167,798 shares in the company, valued at $2,775,378.92. The disclosure for this sale can be found here. Insiders have sold a total of 614,802 shares of company stock valued at $10,040,854 in the last ninety days. 15.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COUR. Moody National Bank Trust Division increased its holdings in shares of Coursera by 11.4% during the 1st quarter. Moody National Bank Trust Division now owns 27,451 shares of the company’s stock worth $385,000 after buying an additional 2,804 shares during the last quarter. Vanguard Group Inc. increased its holdings in Coursera by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after purchasing an additional 536,890 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Coursera by 38.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock valued at $47,952,000 after purchasing an additional 690,931 shares during the last quarter. Eventide Asset Management LLC increased its holdings in Coursera by 6.6% in the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock valued at $76,275,000 after purchasing an additional 243,894 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Coursera by 51.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 68,425 shares of the company’s stock valued at $1,326,000 after purchasing an additional 23,365 shares during the last quarter. 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.