Coursera (NYSE:COUR) PT Lowered to $9.00 at The Goldman Sachs Group

Coursera (NYSE:COUR) had its price target dropped by stock analysts at The Goldman Sachs Group from $10.50 to $9.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective points to a potential downside of 13.04% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Morgan Stanley cut their price objective on Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Coursera in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Friday. Finally, Cantor Fitzgerald dropped their price target on Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.20.

Coursera Trading Up 39.7 %

NYSE COUR traded up $2.94 on Friday, hitting $10.35. 12,976,951 shares of the company were exchanged, compared to its average volume of 2,218,451. The company has a market cap of $1.62 billion, a PE ratio of -15.70 and a beta of 1.44. The stock has a fifty day moving average of $7.25 and a 200-day moving average of $12.22. Coursera has a 12 month low of $6.35 and a 12 month 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 (EPS) for the quarter, beating the consensus estimate 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 net margin of 16.05% and a negative return on equity of 16.03%. Coursera’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.24) EPS. On average, analysts expect that Coursera will post -0.45 earnings per share for the current year.

Insider Activity at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total value of $480,000.00. Following the completion of the sale, the chief executive officer now owns 2,127,496 shares in the company, valued at approximately $20,423,961.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Andrew Y. Ng sold 3,981 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $8.56, for a total value of $34,077.36. Following the completion of the transaction, the director now owns 7,033,074 shares of the company’s stock, valued at approximately $60,203,113.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total value of $480,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at approximately $20,423,961.60. The disclosure for this sale can be found here. Insiders sold 86,192 shares of company stock worth $797,237 in the last ninety days. 16.30% of the stock is owned by company insiders.

Institutional Trading of Coursera

A number of institutional investors and hedge funds have recently modified their holdings of COUR. CWM LLC increased its holdings in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after purchasing an additional 3,860 shares in the last quarter. Natixis purchased a new position in shares of Coursera in the 1st quarter worth $35,000. Covestor Ltd boosted its stake in shares of Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after buying an additional 1,846 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after buying an additional 580 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of Coursera in the 1st quarter worth $162,000. 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.