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

Coursera (NYSE:COUR) had its target price decreased by equities research analysts at Needham & Company LLC from $23.00 to $15.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 26.26% from the company’s previous close.

Several other research analysts have also issued reports on COUR. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research report on Friday, February 2nd. Truist Financial increased their price target on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. The Goldman Sachs Group lowered shares of Coursera from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $18.00 to $14.00 in a research report on Friday, January 19th. William Blair reissued an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Finally, Morgan Stanley dropped their price target on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.90.

Coursera Stock Performance

Shares of COUR opened at $11.88 on Tuesday. The company has a 50-day simple moving average of $14.06 and a 200-day simple moving average of $17.25. The firm has a market capitalization of $1.87 billion, a P/E ratio of -15.43 and a beta of 1.48. Coursera has a 52 week low of $10.88 and a 52 week high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) earnings per share. As a group, equities analysts forecast that Coursera will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In other Coursera news, Director Amanda Clark sold 1,562 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $26,319.70. Following the sale, the director now directly owns 67,252 shares of the company’s stock, valued at $1,133,196.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Amanda Clark sold 1,562 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $26,319.70. Following the sale, the director now directly owns 67,252 shares of the company’s stock, valued at $1,133,196.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michele M. Meyers sold 2,540 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.86, for a total transaction of $42,824.40. Following the sale, the chief accounting officer now directly owns 206,059 shares in the company, valued at $3,474,154.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 603,932 shares of company stock valued at $9,051,814. 15.90% of the stock is currently owned by insiders.

Institutional Trading of Coursera

Several hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. grew its stake in shares of Coursera by 43.1% during the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after purchasing an additional 7,773,508 shares during the last quarter. Vanguard Group Inc. boosted its stake in Coursera by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after acquiring an additional 536,890 shares during the last quarter. Eventide Asset Management LLC boosted its stake in Coursera by 6.6% in the fourth quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock valued at $76,275,000 after acquiring an additional 243,894 shares during the last quarter. Norges Bank bought a new position in Coursera in the fourth quarter valued at approximately $52,804,000. Finally, Goldman Sachs Group Inc. boosted its stake in Coursera by 38.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock valued at $47,952,000 after acquiring an additional 690,931 shares during the last quarter. 89.55% of the stock is owned by 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.