The Goldman Sachs Group Cuts Coursera (NYSE:COUR) Price Target to $7.25

Coursera (NYSE:COUR) had its price target trimmed by The Goldman Sachs Group from $9.00 to $7.25 in a report published on Friday, Benzinga reports. The brokerage currently has a sell rating on the stock.

Several other analysts have also weighed in on the company. BMO Capital Markets decreased their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday. Bank of America started coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Friday, July 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. Finally, Needham & Company LLC dropped their target price on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday. One investment 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. Based on data from MarketBeat.com, Coursera has an average rating of “Moderate Buy” and a consensus price target of $10.93.

Coursera Stock Down 9.7 %

Coursera stock opened at $6.88 on Friday. The company’s 50-day moving average price is $7.80 and its 200-day moving average price is $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 twelve month low of $6.29 and a twelve month high of $21.26.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The company 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 firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) earnings per share. As a group, sell-side analysts expect that Coursera will post -0.44 earnings per share for the current fiscal year.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $1,715,479.18. This represents 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 through the SEC website. In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the transaction, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. 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 at the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. 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 worth $324,787. Company insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Several hedge funds and other institutional investors have recently bought and sold shares of COUR. Vanguard Group Inc. boosted its holdings in shares of Coursera by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock valued at $159,909,000 after buying an additional 254,108 shares in the last quarter. Millennium Management LLC lifted its position in Coursera by 67.0% during the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after acquiring an additional 1,123,397 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Coursera by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after purchasing an additional 15,694 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Coursera by 158.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock worth $23,185,000 after purchasing an additional 1,014,316 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after purchasing an additional 83,369 shares during the last quarter. 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.