Coursera, Inc. (NYSE:COUR – Get Free Report) SVP Alan Cardenas sold 9,139 shares of Coursera stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total transaction of $52,183.69. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Coursera Price Performance
NYSE COUR opened at $5.85 on Thursday. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $12.32. The company has a 50-day moving average of $5.64 and a 200-day moving average of $5.78. The company has a market cap of $1.55 billion, a P/E ratio of -8.73, a P/E/G ratio of 0.72 and a beta of 1.24.
Coursera (NYSE:COUR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 59.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Coursera, Inc. will post 0.16 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Invenomic Capital Management LP grew its position in Coursera by 207.3% in the 4th quarter. Invenomic Capital Management LP now owns 906,224 shares of the company’s stock valued at $6,670,000 after buying an additional 611,325 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Coursera by 731.5% in the 1st quarter. Quantinno Capital Management LP now owns 485,452 shares of the company’s stock worth $2,825,000 after acquiring an additional 427,068 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Coursera by 58.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,084,567 shares of the company’s stock valued at $7,982,000 after acquiring an additional 398,920 shares in the last quarter. Waterfront Wealth Inc. increased its stake in shares of Coursera by 98.0% during the first quarter. Waterfront Wealth Inc. now owns 364,339 shares of the company’s stock valued at $2,120,000 after acquiring an additional 180,374 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Coursera by 273.9% during the first quarter. Principal Financial Group Inc. now owns 331,500 shares of the company’s stock valued at $1,929,000 after acquiring an additional 242,850 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on COUR shares. Telsey Advisory Group lowered their price objective on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. Weiss Ratings downgraded shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley set a $7.50 target price on shares of Coursera in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coursera presently has a consensus rating of “Moderate Buy” and an average target price of $8.55.
Get Our Latest Stock Report on Coursera
About Coursera
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.
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