KeyCorp Cuts Coursera (NYSE:COUR) Price Target to $11.00

Coursera (NYSE:COUR) had its price target lowered by KeyCorp from $12.00 to $11.00 in a report issued on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

COUR has been the subject of several other research reports. Cantor Fitzgerald upgraded shares of Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. Bank of America started coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Monday, October 21st. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Friday, July 26th. Finally, Morgan Stanley cut their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.93.

Coursera Price Performance

Shares of NYSE:COUR opened at $6.88 on Friday. Coursera has a 1 year low of $6.29 and a 1 year high of $21.26. The company has a market capitalization of $1.07 billion, a PE ratio of -9.97 and a beta of 1.42. The business has a fifty day moving average price of $7.80 and a two-hundred day moving average price of $8.22.

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

Insider Activity at Coursera

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 stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the transaction, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. This 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 this hyperlink. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 6,285 shares of the firm’s 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 sale, the senior vice president now owns 207,434 shares in the company, valued at approximately $1,715,479.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,068 shares of company stock valued at $324,787. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Coursera by 7,568.6% during the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares during the last quarter. Natixis purchased a new stake in Coursera in the first quarter worth approximately $35,000. Covestor Ltd grew its position in Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after acquiring an additional 1,846 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation bought a new stake in shares of Coursera in the 2nd quarter worth approximately $73,000. Institutional investors 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.