Morgan Stanley Cuts Coursera (NYSE:COUR) Price Target to $10.00

Coursera (NYSE:COUR) had its target price cut by equities research analysts at Morgan Stanley from $15.00 to $10.00 in a report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 31.15% from the company’s current price.

Other analysts have also issued research reports about the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Monday. BMO Capital Markets upped their price target on shares of Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Coursera in a research note on Friday, July 26th. The Goldman Sachs Group decreased 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, July 26th. Finally, Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coursera has an average rating of “Moderate Buy” and an average target price of $13.91.

Coursera Stock Performance

Shares of NYSE COUR opened at $7.63 on Friday. Coursera has a fifty-two week low of $6.35 and a fifty-two week high of $21.26. The stock has a market cap of $1.19 billion, a PE ratio of -11.05 and a beta of 1.42. The stock has a fifty day moving average of $7.83 and a 200-day moving average of $8.34.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, October 24th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business had revenue of $176.09 million during the quarter, compared to the consensus estimate of $173.94 million. On average, sell-side analysts predict that Coursera will post -0.44 EPS for the current year.

Insider Transactions at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was 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 of the company’s stock, valued at approximately $58,600,298.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the transaction, the director now directly owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COUR. Mutual of America Capital Management LLC increased its stake in shares of Coursera by 84.5% during the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after buying an additional 104,236 shares during the period. M&G Plc bought a new position in Coursera in the 2nd quarter worth $5,048,000. SG Americas Securities LLC lifted its position in shares of Coursera by 461.8% in the 1st quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock worth $1,127,000 after purchasing an additional 66,056 shares during the period. Acadian Asset Management LLC lifted its position in shares of Coursera by 231.5% in the 1st quarter. Acadian Asset Management LLC now owns 465,869 shares of the company’s stock worth $6,528,000 after purchasing an additional 325,327 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Coursera by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after purchasing an additional 536,890 shares in 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.