COUR - Coursera shares fall as Truist cuts ratings on 'persistent losses' concerns

Coursera ( NYSE: COUR ) shares fell as much as 5% in pre-market trading Monday as Truist Securities analyst Terry Tillman cut his rating on the online educational tech company due to concerns about what he called "persistent losses".

Tillman took down his take on Coursera ( COUR ) to hold from buy, and shaved his price target on the stock to $12 a share from $17.50, in part because investor "interest" in Coursera ( COUR ) shares could be limited due to issues with its largest content partner. Tillman said that when Coursera ( COUR ) reported its fourth-quarter earnings, it said that it signed a new, multi-year contract extension with its largest industry partner, but that this client chose to receive "a more standard revenue share arrangement." This such arrangement will affect Coursera's ( COUR ) revenue and operating expenses.

Tillman also said that parts of Coursera's ( COUR ) business could end up being included in a new U.S. Department of Education "interpretation" of third-party service providers as part of the DOE looking into educational technology company's potential role in rising education costs.

Wall Street analysts and Seeking Alpha authors both have consensus buy ratings on Coursera's ( COUR ) stock, while Seeking Alpha's Quant System, which historically outperforms the stock market, gives Coursera a rating of hold .

For further details see: