Coursera (NYSE:COUR) Price Target Lowered to $21.00 at Morgan Stanley

Coursera (NYSE:COUR) had its target price decreased by Morgan Stanley from $25.00 to $21.00 in a report released on Friday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other research firms also recently weighed in on COUR. Cantor Fitzgerald restated an overweight rating and set a $26.00 target price on shares of Coursera in a report on Wednesday, April 17th. Royal Bank of Canada reiterated an outperform rating and set a $25.00 price target on shares of Coursera in a report on Friday, February 2nd. Truist Financial lifted their price target on shares of Coursera from $17.00 to $20.00 and gave the stock a hold rating in a report on Friday, February 2nd. William Blair reiterated an outperform rating on shares of Coursera in a report on Friday, February 2nd. Finally, Telsey Advisory Group lifted their price target on shares of Coursera from $24.00 to $25.00 and gave the stock an outperform rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Coursera presently has a consensus rating of Moderate Buy and a consensus price target of $22.10.

Coursera Stock Up 2.4 %

Shares of NYSE COUR opened at $12.24 on Friday. Coursera has a 52 week low of $9.91 and a 52 week high of $21.26. The firm has a 50-day moving average price of $14.56 and a 200 day moving average price of $17.49. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -15.90 and a beta of 1.48.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The firm had revenue of $168.88 million during the quarter, compared to analysts’ expectations of $163.64 million. Equities research analysts expect that Coursera will post -0.47 EPS for the current fiscal year.

Insider Activity at Coursera

In related news, CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total value of $34,560.00. Following the completion of the sale, the chief accounting officer now directly owns 240,159 shares in the company, valued at $2,881,908. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the transaction, the chief accounting officer now directly owns 240,159 shares of the company’s stock, valued at $2,881,908. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the transaction, the chief executive officer now directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 653,932 shares of company stock worth $10,054,814. 16.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in COUR. SG Americas Securities LLC acquired a new position in shares of Coursera during the third quarter worth $355,000. Artemis Investment Management LLP acquired a new position in shares of Coursera during the third quarter worth $513,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Coursera during the third quarter worth $115,000. Bailard Inc. increased its stake in shares of Coursera by 1.0% in the third quarter. Bailard Inc. now owns 91,440 shares of the company’s stock worth $1,709,000 after buying an additional 866 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Coursera by 35.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,405 shares of the company’s stock worth $344,000 after buying an additional 4,818 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.