KeyCorp Trims Coursera (NYSE:COUR) Target Price to $20.00

Coursera (NYSE:COUR) had its target price lowered by KeyCorp from $24.00 to $20.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on COUR. The Goldman Sachs Group cut Coursera from a neutral rating to a sell rating and reduced their target price for the company from $18.00 to $14.00 in a report on Friday, January 19th. Needham & Company LLC lifted their target price on Coursera from $21.00 to $23.00 and gave the company a buy 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. Royal Bank of Canada reiterated an outperform rating and issued a $25.00 target price on shares of Coursera in a report on Friday, February 2nd. Finally, Cantor Fitzgerald reissued an overweight rating and issued a $26.00 price objective on shares of Coursera in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Coursera currently has a consensus rating of Moderate Buy and a consensus price target of $21.70.

Coursera Stock Performance

COUR stock opened at $11.97 on Wednesday. Coursera has a 52-week low of $10.27 and a 52-week high of $21.26. The stock’s fifty day simple moving average is $14.16 and its 200-day simple moving average is $17.32.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $163.64 million. Equities research analysts predict that Coursera will post -0.47 EPS for the current fiscal year.

Insider Transactions at Coursera

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $20.06, for a total transaction of $1,003,000.00. Following the sale, the chief executive officer now directly owns 2,551,930 shares of the company’s stock, valued at $51,191,715.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO Shravan Goli sold 35,450 shares of Coursera stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total transaction of $584,216.00. Following the sale, the chief operating officer now directly owns 737,641 shares of the company’s stock, valued at $12,156,323.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $20.06, for a total value of $1,003,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,551,930 shares of the company’s stock, valued at $51,191,715.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 653,932 shares of company stock valued at $10,054,814. 16.30% of the stock is currently owned by insiders.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Coursera in the third quarter valued at about $38,000. Daiwa Securities Group Inc. increased its holdings in Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after buying an additional 580 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Coursera in the third quarter valued at about $115,000. Harvest Fund Management Co. Ltd bought a new stake in Coursera in the fourth quarter valued at about $204,000. Finally, Moran Wealth Management LLC bought a new stake in Coursera in the fourth quarter valued at about $208,000. 89.55% of the stock is owned by institutional investors.

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.