Coursera (NYSE:COUR) Price Target Raised to $11.00 at BMO Capital Markets

Coursera (NYSE:COUR) had its target price raised by analysts at BMO Capital Markets from $10.00 to $11.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 1.66% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Monday. Morgan Stanley cut their target price on Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Coursera in a research note on Friday. The Goldman Sachs Group cut their target price on Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research note on Friday. Finally, Cantor Fitzgerald lowered their price target on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Coursera Price Performance

Shares of COUR traded up $3.41 during trading hours on Friday, hitting $10.82. The stock had a trading volume of 15,339,151 shares, compared to its average volume of 2,234,970. The firm has a 50 day simple moving average of $7.25 and a 200-day simple moving average of $12.22. The firm has a market capitalization of $1.69 billion, a P/E ratio of -15.68 and a beta of 1.44. Coursera has a 1-year low of $6.35 and a 1-year high of $21.26.

Coursera (NYSE:COUR) last released its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $169.10 million during the quarter, compared to the consensus estimate of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The company’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) EPS. Equities analysts predict that Coursera will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coursera news, Director Amanda Clark sold 8,093 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the sale, the director now owns 76,266 shares in the company, valued at $588,773.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Amanda Clark sold 8,093 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $7.72, for a total value of $62,477.96. Following the sale, the director now owns 76,266 shares in the company, valued at $588,773.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan B. Cardenas sold 6,283 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the completion of the sale, the senior vice president now owns 220,589 shares in the company, valued at approximately $1,888,241.84. The disclosure for this sale can be found here. Insiders have sold a total of 86,192 shares of company stock worth $797,237 over the last 90 days. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COUR. Norges Bank bought a new position in Coursera in the fourth quarter valued at $52,804,000. Assenagon Asset Management S.A. bought a new position in Coursera in the second quarter valued at $9,525,000. Gilder Gagnon Howe & Co. LLC increased its stake in Coursera by 164.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after acquiring an additional 1,098,701 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after acquiring an additional 1,014,316 shares during the last quarter. Finally, Emory University bought a new position in Coursera in the fourth quarter valued at $17,893,000. Institutional investors own 89.55% of the company’s stock.

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.