Coursera (NYSE:COUR) PT Lowered to $10.00 at Royal Bank of Canada

Coursera (NYSE:COUR) had its target price reduced by Royal Bank of Canada from $18.00 to $10.00 in a research report report published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

COUR has been the topic of several other research reports. Bank of America assumed coverage on shares of Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective on the stock. The Goldman Sachs Group decreased their price target on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday. BMO Capital Markets dropped their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday. KeyCorp decreased their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Needham & Company LLC dropped their price target on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus price target of $10.93.

Coursera Stock Down 9.7 %

NYSE:COUR opened at $6.88 on Friday. Coursera has a 12-month low of $6.29 and a 12-month high of $21.26. The stock’s fifty day simple moving average is $7.80 and its 200-day simple moving average is $8.22. The firm has a market capitalization of $1.07 billion, a P/E ratio of -9.97 and a beta of 1.42.

Coursera (NYSE:COUR) last issued its 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 analysts’ expectations of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.20) earnings per share. As a group, equities research analysts expect that Coursera will post -0.44 earnings per share for the current year.

Insider Buying and Selling at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents 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 hyperlink. Also, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now owns 207,434 shares in the company, valued at $1,715,479.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,068 shares of company stock worth $324,787. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Coursera by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock worth $216,008,000 after purchasing an additional 536,890 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Coursera during the first quarter worth $2,355,000. Mutual of America Capital Management LLC lifted its stake in Coursera by 84.5% in the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after acquiring an additional 104,236 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Coursera by 72.1% in the 1st quarter. GSA Capital Partners LLP now owns 127,368 shares of the company’s stock valued at $1,786,000 after acquiring an additional 53,362 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Coursera by 479.9% during the 1st quarter. Quantbot Technologies LP now owns 119,288 shares of the company’s stock worth $1,672,000 after purchasing an additional 98,718 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.