Coursera (NYSE:COUR) Given New $15.00 Price Target at Needham & Company LLC

Coursera (NYSE:COUR) had its price target lowered by Needham & Company LLC from $23.00 to $15.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. William Blair reaffirmed an outperform rating on shares of Coursera in a research note on Friday, February 2nd. Cantor Fitzgerald reaffirmed an overweight rating and set a $26.00 target price on shares of Coursera in a research report on Wednesday, April 17th. The Goldman Sachs Group downgraded shares of Coursera from a neutral rating to a sell rating and decreased their price target for the company from $18.00 to $14.00 in a research note on Friday, January 19th. Royal Bank of Canada reissued an outperform rating and issued a $25.00 price objective on shares of Coursera in a research note on Friday, February 2nd. Finally, KeyCorp decreased their target price on Coursera from $24.00 to $20.00 and set an overweight rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $18.30.

Coursera Price Performance

Shares of NYSE:COUR opened at $10.22 on Tuesday. The firm has a market capitalization of $1.61 billion, a PE ratio of -13.27 and a beta of 1.48. The business has a 50 day simple moving average of $13.93 and a two-hundred day simple moving average of $17.20. Coursera has a 1 year low of $9.85 and a 1 year high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. Coursera’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) EPS. Equities research analysts expect that Coursera will post -0.47 EPS for the current fiscal 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 were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the transaction, the senior vice president now owns 167,798 shares in the company, valued at approximately $2,775,378.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Michele M. Meyers sold 2,540 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $16.86, for a total value of $42,824.40. Following the completion of the transaction, the chief accounting officer now directly owns 206,059 shares in the company, valued at $3,474,154.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 5,864 shares of Coursera stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total value of $96,990.56. Following 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 603,932 shares of company stock valued at $9,051,814. 15.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coursera

A number of institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale purchased a new stake in shares of Coursera in the 3rd quarter valued at $38,000. Daiwa Securities Group Inc. lifted its position in Coursera by 13.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Coursera in the fourth quarter valued at $204,000. Moran Wealth Management LLC acquired a new stake in Coursera during the 4th quarter worth about $208,000. Finally, Martin Currie Ltd. acquired a new stake in Coursera during the 3rd quarter worth about $212,000. 89.55% of the stock is 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.