Coursera (NYSE:COUR) Given New $22.00 Price Target at Cantor Fitzgerald

Coursera (NYSE:COUR) had its target price raised by Cantor Fitzgerald from $21.00 to $22.00 in a report published on Friday morning, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Several other research firms also recently commented on COUR. Royal Bank of Canada reiterated an outperform rating and issued a $18.00 price objective on shares of Coursera in a report on Friday. KeyCorp reduced their price objective on Coursera from $14.00 to $12.00 and set an overweight rating for the company in a report on Monday, July 22nd. BMO Capital Markets lifted their price objective on Coursera from $10.00 to $11.00 and gave the stock an outperform rating in a report on Friday. Needham & Company LLC reiterated a buy rating and issued a $15.00 price objective on shares of Coursera in a report on Friday. Finally, Telsey Advisory Group reiterated an outperform rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $15.10.

Coursera Stock Performance

Shares of NYSE:COUR opened at $10.72 on Friday. Coursera has a 1-year low of $6.35 and a 1-year high of $21.26. The business has a fifty day moving average price of $7.29 and a 200-day moving average price of $12.16.

Coursera (NYSE:COUR) last issued 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. Coursera had a negative return on equity of 13.77% and a negative net margin of 14.35%. The firm had revenue of $169.10 million during the quarter, compared to the consensus estimate of $170.43 million. During the same period last year, the company earned ($0.24) earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. As a group, equities analysts anticipate that Coursera will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Amanda Clark sold 8,093 shares of Coursera stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the transaction, the director now directly owns 76,266 shares of the company’s stock, valued at approximately $588,773.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Amanda Clark sold 8,093 shares of Coursera stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the transaction, the director now directly owns 76,266 shares of the company’s stock, valued at approximately $588,773.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total value of $480,000.00. Following the transaction, the chief executive officer now directly owns 2,127,496 shares in the company, valued at $20,423,961.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,192 shares of company stock valued at $797,237. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in COUR. Daiwa Securities Group Inc. raised its stake in Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares during the period. QRG Capital Management Inc. raised its stake in Coursera by 6.0% during the 4th quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock valued at $404,000 after purchasing an additional 1,181 shares during the period. Covestor Ltd raised its stake in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after purchasing an additional 1,846 shares during the period. ProShare Advisors LLC raised its stake in Coursera by 10.3% during the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after purchasing an additional 2,224 shares during the period. Finally, Natixis bought a new stake in Coursera during the 1st quarter valued at approximately $35,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.