Coursera (NYSE:COUR) Shares Up 5.2%

Coursera, Inc. (NYSE:COUR)’s stock price was up 5.2% during mid-day trading on Thursday . The stock traded as high as $6.84 and last traded at $6.84. Approximately 1,142,394 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 2,082,157 shares. The stock had previously closed at $6.50.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on COUR shares. Truist Financial decreased their target price on Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, April 30th. The Goldman Sachs Group lowered their target price on Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a research note on Wednesday, May 1st. Royal Bank of Canada reduced their price target on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Cantor Fitzgerald dropped their target price on Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. Finally, Morgan Stanley decreased their price target on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Coursera Stock Up 5.7 %

The business’s 50 day simple moving average is $8.55 and its 200-day simple moving average is $14.03. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -9.87 and a beta of 1.45.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The business had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. During the same period last year, the firm posted ($0.24) earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, analysts expect that Coursera, Inc. will post -0.45 earnings per share for the current year.

Insider Activity at Coursera

In related news, Director Andrew Y. Ng sold 50,000 shares of Coursera stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $12.09, for a total transaction of $604,500.00. Following the sale, the director now directly owns 7,058,074 shares of the company’s stock, valued at approximately $85,332,114.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Michele M. Meyers sold 2,880 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total value of $34,560.00. Following the completion of the transaction, the chief accounting officer now owns 240,159 shares in the company, valued at approximately $2,881,908. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew Y. Ng sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $12.09, for a total transaction of $604,500.00. Following the sale, the director now directly owns 7,058,074 shares in the company, valued at $85,332,114.66. The disclosure for this sale can be found here. Insiders have sold 239,072 shares of company stock valued at $2,688,797 over the last ninety days. 16.30% of the stock is owned by corporate insiders.

Institutional Trading of Coursera

Several institutional investors have recently modified their holdings of COUR. Dimensional Fund Advisors LP grew its position in shares of Coursera by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock valued at $42,927,000 after buying an additional 328,030 shares during the last quarter. Vanguard Group Inc. increased its position in Coursera by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after purchasing an additional 570,177 shares during the period. Acadian Asset Management LLC bought a new position in Coursera during the 3rd quarter worth approximately $585,000. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Coursera by 164.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after purchasing an additional 1,098,701 shares during the period. Finally, FMR LLC boosted its stake in shares of Coursera by 4,271.1% in the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock valued at $2,584,000 after purchasing an additional 135,096 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

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.