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Coursera (NYSE:COUR) price target lowered to $13.00 on BMO Capital Markets


Coursera (NYSE:COUR – Free Report) The price target was lowered by BMO Capital Markets from $20.00 to $13.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The company currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports on the stock. The Goldman Sachs Group downgraded shares of Coursera from a neutral rating to a sell rating and lowered their price target for the company from $18.00 to $14.00 in a report on Friday, January 19th. Cantor Fitzgerald lowered their price objective on shares of Coursera from $26.00 to $21.00 and set an overweight rating for the company in a research note on Tuesday, April 30. Morgan Stanley lowered their price target on Coursera from $21.00 to $15.00 and set an overweight rating on the stock in a research report on Tuesday, April 30. Telsey Advisory Group reissued an outperform rating and a $25.00 price target on shares of Coursera in a research report on Thursday, April 25. Finally, KeyCorp lowered their price objective on Coursera from $24.00 to $20.00 and set an overweight rating on the stock in a research report on Wednesday, April 24. One 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. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $16.85.

Check out our latest research report on Coursera

Coursera Stock Performance

Shares of NYSE COUR opened at $9.61 on Wednesday. Coursera has a 52-week low of $9.46 and a 52-week high of $21.26. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -13.93 and a beta of 1.57. The stock has a 50-day moving average of $13.53 and a 200-day moving average of $17.03.

Coursera (NYSE:COUR – Get Free Report) posted its latest earnings results on Monday, April 29. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $169.10 million during the quarter, compared to analyst expectations of $170.43 million. Coursera had a negative return on equity of 15.97% and a negative net margin of 16.05%. The company’s revenue for the quarter increased 14.6% compared to the same quarter last year. During the same period last year, the company earned ($0.24) earnings per share. Analysts predict that Coursera will post -0.45 earnings per share for the current year.

Insiders place their bets

In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares sold at an average price of $16.54, for a total transaction of $96,990.56. Following the sale, the senior vice president now owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Alan B. Cardenas sold 5,864 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock sold at an average price of $16.54, for a total value 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 $2,775,378.92. The sale was disclosed in a document filed with the SEC and available on the SEC website. Also, CAO Michele M. Meyers sold 2,540 shares of the company’s stock in a transaction that occurred on Thursday, February 15. The shares sold at an average price of $16.86, for a total value of $42,824.40. Following the completion of the sale, the Chief Accounting Officer now owns 206,059 shares of the company’s stock, valued at approximately $3,474,154.74. The explanation of this sale can be found here. In the last 90 days, insiders have sold 578,932 company shares worth $8,548,314. 16.30% of the shares are currently owned by industry insiders.

Institutional inflow and outflow

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. strengthened its position in Coursera by 43.1% in the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after purchasing an additional 7,773,508 shares in the last quarter. Norges Bank bought a new stake in Coursera worth $52,804,000 in the fourth quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Coursera by 164.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after purchasing an additional 1,098,701 shares in the last quarter. Emory University acquired a new stake in Coursera worth $17,893,000 in the fourth quarter. Finally, Inflection Point Investments LLP bought a new position in Coursera worth $14,526,000 in the fourth quarter. 89.55% of the shares are currently held by institutional investors and hedge funds.

About Coursera

(Get a free report)

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, 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 certifications for entry-level professionals, non-entry-level professionals, universities, and MasterTrack.

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Analyst Recommendations for Coursera (NYSE:COUR)



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