UBS Group Cuts Coursera (NYSE:COUR) Price Target to $9.00

Coursera (NYSE:COUR) had its target price dropped by UBS Group from $11.00 to $9.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 11.04% from the company’s current price.

COUR has been the topic of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of Coursera in a research report on Wednesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coursera in a report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $13.00 price target on shares of Coursera in a research report on Thursday. Finally, JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.45.

Coursera Price Performance

COUR traded up $0.27 on Thursday, hitting $8.11. The company had a trading volume of 3,802,456 shares, compared to its average volume of 2,442,343. Coursera has a 1-year low of $5.76 and a 1-year high of $13.56. The company’s fifty day moving average price is $8.70 and its 200 day moving average price is $9.75. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -27.77 and a beta of 1.37.

Coursera (NYSE:COUR) last released its earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $194.20 million during the quarter, compared to analyst estimates of $190.33 million. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. On average, sell-side analysts forecast that Coursera will post -0.28 EPS for the current year.

Insider Activity at Coursera

In related news, CAO Michele M. Meyers sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $10.27, for a total value of $35,945.00. Following the completion of the transaction, the chief accounting officer owned 234,295 shares in the company, valued at $2,406,209.65. The trade was a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 8,078 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the transaction, the senior vice president owned 237,828 shares in the company, valued at $1,943,054.76. The trade was a 3.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.80% of the company’s stock.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. Vanguard Group Inc. lifted its position in Coursera by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 12,306,979 shares of the company’s stock valued at $81,964,000 after purchasing an additional 159,820 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Coursera by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,041,051 shares of the company’s stock worth $6,933,000 after buying an additional 35,981 shares during the period. Jump Financial LLC grew its position in shares of Coursera by 13.0% during the 1st quarter. Jump Financial LLC now owns 241,513 shares of the company’s stock worth $1,608,000 after buying an additional 27,760 shares during the period. Nuveen LLC bought a new stake in shares of Coursera during the first quarter worth approximately $7,764,000. Finally, American Century Companies Inc. lifted its holdings in Coursera by 78.6% in the first quarter. American Century Companies Inc. now owns 215,197 shares of the company’s stock valued at $1,433,000 after buying an additional 94,717 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.