Coursera, Inc. (NYSE:COUR – Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $4.98 and last traded at $5.0550, with a volume of 433549 shares traded. The stock had previously closed at $5.04.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on COUR shares. KeyCorp reissued an “overweight” rating on shares of Coursera in a report on Wednesday, June 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. Weiss Ratings cut Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Coursera in a report on Wednesday, June 24th. Finally, Wall Street Zen raised Coursera from a “hold” rating to a “buy” rating in a research report on Saturday. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.55.
View Our Latest Research Report on Coursera
Coursera Stock Performance
Coursera (NYSE:COUR – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The business’s revenue was up 59.6% on a year-over-year basis. Sell-side analysts predict that Coursera, Inc. will post 0.16 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP Alan Cardenas sold 9,139 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.30% of the company’s stock.
Institutional Investors Weigh In On Coursera
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearstead Trust LLC bought a new stake in Coursera during the fourth quarter worth about $39,000. Optiver Holding B.V. acquired a new position in Coursera during the first quarter valued at approximately $31,000. Versant Capital Management Inc grew its stake in Coursera by 63.2% in the second quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock valued at $31,000 after purchasing an additional 2,152 shares in the last quarter. IFP Advisors Inc grew its stake in Coursera by 299.7% in the second quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock valued at $33,000 after purchasing an additional 4,433 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of Coursera during the 2nd quarter worth approximately $40,000. 89.55% of the stock is owned by institutional investors.
About Coursera
Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.
Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor’s and master’s degree programs, and workforce development solutions designed to help organizations train employees and other learners.
Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.
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