Morgan Stanley Trims Coursera (NYSE:COUR) Target Price to $10.00

Coursera (NYSE:COUR) had its target price reduced by Morgan Stanley from $15.00 to $10.00 in a research report report published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets lifted their target price on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research note on Monday, October 21st. KeyCorp dropped their target price on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research report on Friday, July 26th. Finally, Cantor Fitzgerald upgraded shares of Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.93.

Coursera Trading Down 9.7 %

NYSE:COUR opened at $6.88 on Friday. The company has a 50-day moving average of $7.80 and a 200-day moving average of $8.22. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -9.97 and a beta of 1.42. Coursera has a twelve month low of $6.29 and a twelve month high of $21.26.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $170.30 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.20) earnings per share. On average, research analysts forecast that Coursera will post -0.44 earnings per share for the current year.

Insider Activity

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

Institutional Investors Weigh In On Coursera

A number of large investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC lifted its position in shares of Coursera by 84.5% in the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock worth $3,191,000 after buying an additional 104,236 shares during the last quarter. M&G Plc acquired a new stake in Coursera in the 2nd quarter worth approximately $5,048,000. SG Americas Securities LLC boosted its position in Coursera by 461.8% during the first quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock worth $1,127,000 after purchasing an additional 66,056 shares during the period. Acadian Asset Management LLC grew its holdings in Coursera by 231.5% during the first quarter. Acadian Asset Management LLC now owns 465,869 shares of the company’s stock valued at $6,528,000 after purchasing an additional 325,327 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Coursera by 5.1% in the fourth 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 period. 89.55% of the stock is currently owned by institutional investors.

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.