Coursera, Inc. (NYSE:COUR – Get Free Report)’s stock price shot up 9.4% during trading on Monday. The company traded as high as $3.77 and last traded at $3.7950. 4,113,561 shares changed hands during trading, a decline of 33% from the average session volume of 6,100,749 shares. The stock had previously closed at $3.47.
Analysts Set New Price Targets
Several analysts recently commented on COUR shares. The Goldman Sachs Group dropped their price target on Coursera from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday. Needham & Company LLC decreased their price objective on Coursera from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday. Telsey Advisory Group lowered their target price on shares of Coursera from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday. KeyCorp downgraded Coursera from an “overweight” rating to a “sector weight” rating in a report on Friday. Finally, Weiss Ratings lowered shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 14th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.36.
Check Out Our Latest Analysis on Coursera
Coursera Stock Performance
The company has a market cap of $1.01 billion, a PE ratio of -5.31, a P/E/G ratio of 0.36 and a beta of 1.26. The stock’s 50-day simple moving average is $5.27 and its 200 day simple moving average is $5.69.
Coursera (NYSE:COUR – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Coursera had a positive return on equity of 3.47% and a negative net margin of 14.35%. The business had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.52 million. During the same period last year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 94.0% compared to the same quarter last year. On average, sell-side analysts predict that Coursera, Inc. will post 0.20 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, major shareholder Pale Fire Capital Se acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average price of $4.61 per share, for a total transaction of $4,610,000.00. Following the transaction, the insider owned 28,806,415 shares in the company, valued at $132,797,573.15. This trade represents a 3.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the transaction, the senior vice president directly owned 236,237 shares in the company, valued at $1,348,913.27. The trade was a 3.72% decrease in their position. The SEC filing for this sale provides additional information. 16.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Coursera
Several hedge funds have recently modified their holdings of COUR. Bank of America Corp DE bought a new position in shares of Coursera in the second quarter valued at approximately $7,887,000. Deutsche Bank AG acquired a new stake in Coursera during the 2nd quarter worth about $9,848,000. OMERS ADMINISTRATION Corp purchased a new position in Coursera during the second quarter valued at approximately $1,579,000. Readystate Asset Management LP increased its stake in shares of Coursera by 259.2% in the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock worth $22,713,000 after acquiring an additional 2,906,101 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Coursera during the 2nd quarter worth about $3,262,000. 89.55% of the stock is owned by institutional investors and hedge funds.
Coursera Company Profile
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 partners to offer content in areas such as business, technology, data science, computer science, and personal development.
Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.
Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.
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