Coursera (NYSE:COUR) Hits New 52-Week Low at $8.65

Coursera, Inc. (NYSE:COUR)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $8.65 and last traded at $8.66, with a volume of 80147 shares. The stock had previously closed at $8.71.

Analyst Ratings Changes

COUR has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price objective on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Royal Bank of Canada decreased their price target on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $25.00 price objective on shares of Coursera in a report on Thursday, April 25th. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Coursera in a research report on Friday. Finally, Cantor Fitzgerald dropped their price target on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Coursera currently has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Coursera Trading Down 1.0 %

The business has a 50 day moving average of $12.35 and a 200-day moving average of $16.49. The stock has a market cap of $1.35 billion, a PE ratio of -12.63 and a beta of 1.57.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The business had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) EPS. Research analysts expect that Coursera, Inc. will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $14.43, for a total transaction of $41,558.40. Following the completion of the transaction, the chief accounting officer now directly owns 243,039 shares of the company’s stock, valued at $3,507,052.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Alan B. Cardenas sold 5,864 shares of Coursera stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total value of $96,990.56. Following the completion of the sale, the senior vice president now owns 167,798 shares of the company’s stock, valued at $2,775,378.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $14.43, for a total value of $41,558.40. Following the completion of the sale, the chief accounting officer now directly owns 243,039 shares of the company’s stock, valued at approximately $3,507,052.77. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 566,103 shares of company stock valued at $7,844,386. 16.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COUR. Baillie Gifford & Co. boosted its holdings in Coursera by 43.1% in the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after acquiring an additional 7,773,508 shares during the last quarter. Norges Bank acquired a new position in shares of Coursera during the fourth quarter worth about $52,804,000. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Coursera by 164.6% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after purchasing an additional 1,098,701 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Coursera by 158.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock worth $23,185,000 after purchasing an additional 1,014,316 shares in the last quarter. Finally, Emory University acquired a new position in shares of Coursera during the fourth quarter worth about $17,893,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.