BMO Capital Markets Trims Coursera (NYSE:COUR) Target Price to $13.00

Coursera (NYSE:COUR) had its price objective reduced by BMO Capital Markets from $20.00 to $13.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on COUR. Needham & Company LLC lowered their target price on Coursera from $23.00 to $15.00 and set a buy rating on the stock in a research note on Tuesday. KeyCorp lowered their target price on Coursera from $24.00 to $20.00 and set an overweight rating on the stock in a research note on Wednesday, April 24th. Telsey Advisory Group reaffirmed an outperform rating and issued a $25.00 price target on shares of Coursera in a report on Thursday, April 25th. Morgan Stanley reduced their price target on Coursera from $21.00 to $15.00 and set an overweight rating for the company in a report on Tuesday. Finally, William Blair reaffirmed an outperform rating on shares of Coursera in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coursera presently has an average rating of Moderate Buy and a consensus price target of $16.85.

Coursera Stock Performance

Coursera stock opened at $9.61 on Wednesday. The business’s 50-day simple moving average is $13.67 and its two-hundred day simple moving average is $17.09. The company has a market cap of $1.51 billion, a PE ratio of -13.93 and a beta of 1.57. Coursera has a fifty-two week low of $9.46 and a fifty-two week high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $169.10 million for the quarter, compared to the consensus estimate of $170.43 million. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) EPS. As a group, analysts predict that Coursera will post -0.47 EPS for the current fiscal year.

Insider Activity

In related news, CFO Kenneth R. Hahn sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total transaction of $425,250.00. Following the transaction, the chief financial officer now directly owns 532,715 shares in the company, valued at $9,061,482.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Kenneth R. Hahn sold 25,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total value of $425,250.00. Following the completion of the sale, the chief financial officer now owns 532,715 shares of the company’s stock, valued at $9,061,482.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the transaction, the chief accounting officer now owns 240,159 shares in the company, valued at approximately $2,881,908. The disclosure for this sale can be found here. Insiders sold 578,932 shares of company stock worth $8,548,314 over the last three months. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Coursera in the 3rd quarter valued at about $355,000. Bailard Inc. grew its position in Coursera by 1.0% in the third quarter. Bailard Inc. now owns 91,440 shares of the company’s stock worth $1,709,000 after acquiring an additional 866 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Coursera by 35.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,405 shares of the company’s stock worth $344,000 after acquiring an additional 4,818 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Coursera by 6.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,277 shares of the company’s stock worth $1,669,000 after acquiring an additional 5,782 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Coursera in the third quarter valued at $246,000. Hedge funds and other 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.