Coursera (NYSE:COUR) Stock Price Down 2.6% – What’s Next?

Coursera, Inc. (NYSE:COUR) traded down 2.6% on Wednesday . The company traded as low as $7.38 and last traded at $7.40. 326,467 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 2,153,453 shares. The stock had previously closed at $7.60.

Analyst Ratings Changes

Several research firms recently issued reports on COUR. Telsey Advisory Group restated an “outperform” rating and set a $18.00 price target on shares of Coursera in a research report on Monday, July 22nd. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Coursera in a report on Friday, July 26th. KeyCorp lowered their price target on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 price target on shares of Coursera in a research report on Friday, July 26th. Finally, BMO Capital Markets boosted their price objective on shares of Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.73.

Coursera Stock Down 1.6 %

The company has a market capitalization of $1.17 billion, a P/E ratio of -10.80 and a beta of 1.42. The company has a 50-day moving average of $7.88 and a two-hundred day moving average of $8.57.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.20) EPS. As a group, equities analysts expect that Coursera, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the sale, the director now directly owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,068 shares of company stock valued at $324,787. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in shares of Coursera by 84.5% during the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after acquiring an additional 104,236 shares in the last quarter. M&G Plc purchased a new position in shares of Coursera in the second quarter worth $5,048,000. SG Americas Securities LLC lifted its holdings in shares of Coursera by 461.8% during the first quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock valued at $1,127,000 after purchasing an additional 66,056 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Coursera by 231.5% during the first quarter. Acadian Asset Management LLC now owns 465,869 shares of the company’s stock valued at $6,528,000 after buying an additional 325,327 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Coursera by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after buying an additional 536,890 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.