Coursera’s (COUR) “Overweight” Rating Reiterated at Cantor Fitzgerald

Coursera (NYSE:COUR)‘s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a report released on Wednesday, Benzinga reports. They presently have a $26.00 target price on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 118.30% from the stock’s current price.

Several other research firms also recently issued reports on COUR. The Goldman Sachs Group downgraded shares of Coursera from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $18.00 to $14.00 in a report on Friday, January 19th. Truist Financial upped their target price on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Needham & Company LLC increased their price objective on shares of Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Coursera in a research report on Friday, February 2nd. Finally, KeyCorp increased their price objective on shares of Coursera from $22.00 to $24.00 and gave the stock an “overweight” 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.10.

Coursera Stock Down 0.6 %

COUR stock traded down $0.07 during trading hours on Wednesday, hitting $11.91. The company’s stock had a trading volume of 1,540,987 shares, compared to its average volume of 1,625,160. The company has a market capitalization of $1.87 billion, a PE ratio of -15.49 and a beta of 1.48. Coursera has a 12 month low of $9.91 and a 12 month high of $21.26. The stock has a 50 day moving average price of $15.02 and a two-hundred day moving average price of $17.67.

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

Insider Activity

In other news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $20.14, for a total value of $503,500.00. Following the sale, the chief executive officer now directly owns 2,551,930 shares of the company’s stock, valued at $51,395,870.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Alan B. Cardenas sold 5,864 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the sale, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total value of $503,500.00. Following the completion of the transaction, the chief executive officer now owns 2,551,930 shares in the company, valued at $51,395,870.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 614,802 shares of company stock valued at $10,040,854. Company insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in COUR. Point72 Hong Kong Ltd acquired a new position in shares of Coursera in the 2nd quarter valued at about $31,000. FMR LLC increased its stake in Coursera by 187.5% during the second quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after acquiring an additional 1,543 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Coursera during the third quarter worth $38,000. Point72 Middle East FZE acquired a new stake in shares of Coursera in the fourth quarter valued at $46,000. Finally, KBC Group NV acquired a new stake in shares of Coursera in the fourth quarter valued at $46,000. 89.55% of the stock is currently 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.