Coursera (NYSE:COUR) Shares Gap Up – Time to Buy?

Coursera, Inc. (NYSE:COURGet Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $5.54, but opened at $5.70. Coursera shares last traded at $5.7150, with a volume of 347,117 shares traded.

Analysts Set New Price Targets

COUR has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Coursera from a “sell” rating to a “neutral” rating and increased their target price for the stock from $5.50 to $6.50 in a report on Monday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Coursera in a research note on Thursday, July 30th. JPMorgan Chase & Co. reduced their price objective on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Wall Street Zen raised shares of Coursera from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. Finally, Morgan Stanley set a $7.50 target price on shares of Coursera in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.

Get Our Latest Analysis on COUR

Coursera Price Performance

The stock has a fifty day moving average price of $5.62 and a two-hundred day moving average price of $5.79. The company has a market cap of $1.52 billion, a P/E ratio of -8.54, a price-to-earnings-growth ratio of 0.73 and a beta of 1.24.

Coursera (NYSE:COURGet Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $298.60 million for the quarter, compared to analysts’ expectations of $293.61 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Coursera’s quarterly revenue was up 59.6% on a year-over-year basis. Equities analysts predict that Coursera, Inc. will post 0.16 earnings per share for the current fiscal year.

Coursera declared that its Board of Directors has authorized a stock repurchase plan on Monday, May 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 55.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Coursera

In other Coursera news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of Coursera stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total transaction of $7,683,789.28. Following the transaction, the insider directly owned 419,784 shares of the company’s stock, valued at $2,199,668.16. The trade was a 77.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.30% of the stock is owned by corporate insiders.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in shares of Coursera during the fourth quarter valued at about $25,000. Optiver Holding B.V. purchased a new position in Coursera during the first quarter worth about $31,000. Versant Capital Management Inc grew its position in Coursera by 63.2% in the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock worth $31,000 after purchasing an additional 2,152 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Coursera by 224.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after purchasing an additional 3,415 shares in the last quarter. Finally, Clearstead Trust LLC bought a new stake in Coursera in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

About Coursera

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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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