Coursera (NYSE:COUR) Stock Price Down 6.7% – Here’s Why

Coursera, Inc. (NYSE:COURGet Free Report) shares were down 6.7% during trading on Wednesday . The company traded as low as $5.32 and last traded at $5.3550. Approximately 1,735,604 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 5,138,586 shares. The stock had previously closed at $5.74.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Morgan Stanley set a $7.50 price objective on Coursera in a report on Friday, April 24th. The Goldman Sachs Group lowered their price objective on Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research note on Saturday, February 7th. KeyCorp reduced their target price on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. BMO Capital Markets cut their price objective on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. reduced their price target on Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.50.

Get Our Latest Stock Report on Coursera

Coursera Price Performance

The stock has a 50 day moving average of $5.94 and a 200 day moving average of $6.80. The firm has a market cap of $876.47 million, a P/E ratio of -13.62 and a beta of 1.30.

Coursera (NYSE:COURGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $195.70 million during the quarter, compared to analysts’ expectations of $195.17 million. Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.Coursera’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. On average, research analysts predict that Coursera, Inc. will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 9,710 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total transaction of $57,483.20. Following the transaction, the senior vice president directly owned 217,876 shares in the company, valued at $1,289,825.92. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.80% of the stock is owned by insiders.

Institutional Trading of Coursera

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Coursera by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock worth $621,000 after buying an additional 1,027 shares during the period. ProShare Advisors LLC grew its position in Coursera by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after acquiring an additional 2,439 shares during the last quarter. Diversified Trust Co. increased its stake in Coursera by 19.0% in the 4th quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock worth $130,000 after purchasing an additional 2,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Coursera by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after purchasing an additional 2,847 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Coursera by 29.4% during the third quarter. Bank of Nova Scotia now owns 13,953 shares of the company’s stock valued at $163,000 after purchasing an additional 3,169 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Company Profile

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Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

Further Reading

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