Coursera (NYSE:COUR) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Coursera (NYSE:COUR) in a research report report published on Wednesday, Benzinga reports. Cantor Fitzgerald currently has a $26.00 price target on the stock.

A number of other equities research analysts have also issued reports on the stock. Telsey Advisory Group increased their price objective on shares of Coursera from $24.00 to $25.00 and gave the company an outperform rating in a report on Friday, February 2nd. KeyCorp boosted their price target on shares of Coursera from $22.00 to $24.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Truist Financial increased their price objective on shares of Coursera from $17.00 to $20.00 and gave the company a hold rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated an outperform rating and issued a $25.00 target price on shares of Coursera in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group lowered Coursera from a neutral rating to a sell rating and dropped their price target for the company from $18.00 to $14.00 in a research note on Friday, January 19th. One investment 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. According to data from MarketBeat.com, Coursera has an average rating of Moderate Buy and an average price target of $22.10.

Coursera Price Performance

COUR opened at $11.95 on Wednesday. The firm has a market cap of $1.88 billion, a P/E ratio of -15.52 and a beta of 1.48. Coursera has a 1-year low of $9.91 and a 1-year high of $21.26. The company has a 50 day simple moving average of $14.67 and a two-hundred day simple moving average of $17.54.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The business had revenue of $168.88 million during the quarter, compared to analyst estimates of $163.64 million. Equities analysts anticipate that Coursera will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 5,864 shares of Coursera stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the transaction, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Amanda Clark sold 1,562 shares of Coursera stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $26,319.70. Following the completion of the sale, the director now directly owns 67,252 shares in the company, valued at $1,133,196.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the sale, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at $2,775,378.92. The disclosure for this sale can be found here. Insiders have sold 614,802 shares of company stock worth $9,673,854 over the last quarter. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. increased its position in shares of Coursera by 43.1% during the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after acquiring an additional 7,773,508 shares during the period. Norges Bank purchased a new position in Coursera during the 4th quarter worth $137,598,000. Vanguard Group Inc. raised its position in 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. BlackRock Inc. raised its position in Coursera by 16.5% during the 2nd quarter. BlackRock Inc. now owns 8,027,863 shares of the company’s stock valued at $104,523,000 after purchasing an additional 1,134,436 shares in the last quarter. Finally, Eventide Asset Management LLC lifted its holdings in shares of Coursera by 6.6% in the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock worth $76,275,000 after buying an additional 243,894 shares during the period. 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.