Cantor Fitzgerald Trims Coursera (NYSE:COUR) Target Price to $10.00

Coursera (NYSE:COUR) had its price objective reduced by Cantor Fitzgerald from $22.00 to $10.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

COUR has been the topic of several other reports. Needham & Company LLC lowered their target price on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research report on Friday. Bank of America began coverage on shares of Coursera in a research report on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research note on Friday, July 26th. Finally, KeyCorp dropped their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.93.

Coursera Stock Performance

Shares of Coursera stock opened at $6.88 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of -9.97 and a beta of 1.42. Coursera has a 1 year low of $6.29 and a 1 year high of $21.26. The company’s fifty day moving average is $7.80 and its two-hundred day moving average is $8.22.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $170.30 million for the quarter, compared to analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.20) earnings per share. As a group, equities analysts expect that Coursera will post -0.44 earnings per share for the current year.

Insider Buying and Selling

In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the transaction, the director now directly owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the transaction, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the sale, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,068 shares of company stock valued at $324,787. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in COUR. CWM LLC grew its stake in Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after acquiring an additional 3,860 shares during the last quarter. Natixis purchased a new stake in shares of Coursera in the first quarter valued at about $35,000. Covestor Ltd grew its position in shares of Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after purchasing an additional 1,846 shares during the last quarter. nVerses Capital LLC increased its stake in shares of Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation acquired a new position in shares of Coursera during the 2nd quarter worth approximately $73,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.