Needham & Company LLC Trims Coursera (NYSE:COUR) Target Price to $11.00

Coursera (NYSE:COUR) had its price objective cut by Needham & Company LLC from $15.00 to $11.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley dropped their price target on Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday. Telsey Advisory Group restated an “outperform” rating and set a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. BMO Capital Markets lifted their target price on shares of Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Cantor Fitzgerald raised shares of Coursera to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a report on Friday, July 26th. One 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.93.

Coursera Price Performance

Shares of COUR opened at $6.88 on Friday. The firm has a 50-day moving average of $7.80 and a 200-day moving average of $8.22. The company has a market cap of $1.07 billion, a PE ratio of -9.97 and a beta of 1.42. Coursera has a one year low of $6.29 and a one year high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly 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. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The firm had revenue of $170.30 million for the quarter, compared to the consensus estimate of $164.67 million. During the same quarter in the previous year, the business earned ($0.20) earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. 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 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 transaction of $210,000.00. Following the completion of the transaction, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the transaction, the director now directly owns 7,203,892 shares of the company’s stock, 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. In the last 90 days, insiders have sold 39,068 shares of company stock worth $324,787. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of institutional investors have recently added to or reduced their stakes in COUR. Natixis bought a new position in Coursera in the first quarter valued at about $35,000. CWM LLC increased its stake in shares of Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after buying an additional 3,860 shares during the period. Covestor Ltd raised its holdings in Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after buying an additional 1,846 shares during the last quarter. nVerses Capital LLC boosted its position in 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 buying an additional 1,800 shares during the period. Finally, LGT Group Foundation bought a new stake in Coursera during the 2nd quarter worth approximately $73,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.