KeyCorp Lowers Coursera (NYSE:COUR) Price Target to $12.00

Coursera (NYSE:COUR) had its price target cut by analysts at KeyCorp from $14.00 to $12.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 59.89% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Morgan Stanley decreased their price objective on Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. Royal Bank of Canada decreased their price objective on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Cantor Fitzgerald decreased their price objective on Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. The Goldman Sachs Group decreased their price objective on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a report on Wednesday, May 1st. Finally, BMO Capital Markets decreased their price objective on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. One 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.35.

Coursera Price Performance

Shares of Coursera stock opened at $7.51 on Monday. Coursera has a 1 year low of $6.35 and a 1 year high of $21.26. The business has a 50-day moving average of $7.31 and a two-hundred day moving average of $12.29. The company has a market capitalization of $1.17 billion, a P/E ratio of -10.88 and a beta of 1.44.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $169.10 million during the quarter, compared to the consensus estimate of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) earnings per share. On average, equities analysts anticipate that Coursera will post -0.45 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total value of $480,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total value of $480,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Richard J. Jacquet sold 16,273 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total value of $152,966.20. Following the completion of the sale, the senior vice president now directly owns 249,456 shares of the company’s stock, valued at $2,344,886.40. The disclosure for this sale can be found here. Insiders sold a total of 86,192 shares of company stock valued at $797,237 over the last three months. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

Several hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its holdings in Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after purchasing an additional 580 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Coursera by 6.0% during the 4th quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock worth $404,000 after purchasing an additional 1,181 shares during the last quarter. Covestor Ltd lifted its holdings in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Coursera by 10.3% during the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock worth $333,000 after purchasing an additional 2,224 shares during the last quarter. Finally, Natixis acquired a new stake in Coursera during the 1st quarter worth approximately $35,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.