Coursera (NYSE:COUR) Trading Down 6.6% – What’s Next?

Shares of Coursera, Inc. (NYSE:COUR) traded down 6.6% during trading on Tuesday . The stock traded as low as $6.88 and last traded at $6.8450. 1,651,079 shares traded hands during trading, a decline of 41% from the average session volume of 2,793,698 shares. The stock had previously closed at $7.33.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COUR shares. UBS Group cut their price target on Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Coursera in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price target on the stock in a report on Wednesday, December 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of Coursera in a research note on Wednesday, November 26th. Seven research analysts have rated the stock with a Buy rating, five 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 a consensus rating of “Hold” and a consensus price target of $12.27.

Coursera Price Performance

The business has a 50-day moving average of $7.88 and a 200 day moving average of $9.61. The company has a market capitalization of $1.09 billion, a PE ratio of -22.60 and a beta of 1.37.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. As a group, research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Michele M. Meyers sold 3,500 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $10.27, for a total transaction of $35,945.00. Following the sale, the chief accounting officer owned 234,295 shares of the company’s stock, valued at $2,406,209.65. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Alan B. Cardenas sold 8,078 shares of Coursera stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.17, for a total transaction of $65,997.26. Following the completion of the transaction, the senior vice president directly owned 237,828 shares of the company’s stock, valued at $1,943,054.76. The trade was a 3.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Several large investors have recently added to or reduced their stakes in COUR. The Manufacturers Life Insurance Company raised its position in Coursera by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after purchasing an additional 1,027 shares during the period. Teacher Retirement System of Texas increased its position in shares of Coursera by 5.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company’s stock valued at $182,000 after purchasing an additional 1,110 shares during the last quarter. Merit Financial Group LLC raised its holdings in Coursera by 9.2% during the 3rd quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock valued at $154,000 after buying an additional 1,112 shares during the period. Nisa Investment Advisors LLC raised its holdings in Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after buying an additional 1,852 shares during the period. Finally, Diversified Trust Co. lifted its position in Coursera by 19.0% in the fourth quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock worth $130,000 after buying an additional 2,824 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

Coursera Company Profile

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.