Coursera, Inc. (NYSE:COUR - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.38, but opened at $9.02. Coursera shares last traded at $8.99, with a volume of 325,943 shares changing hands.
Analyst Ratings Changes
A number of research analysts recently commented on COUR shares. Morgan Stanley reiterated an "equal weight" rating and issued a $11.00 price objective (up from $10.00) on shares of Coursera in a report on Thursday. Bank of America reiterated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.40.
Read Our Latest Analysis on COUR
Coursera Stock Up 0.8%
The business has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $8.02. The firm has a market cap of $1.44 billion, a PE ratio of -17.17 and a beta of 1.38.
Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The business had revenue of $179.30 million for the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. The company's revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.
Insider Transactions at Coursera
In related news, Director Amanda Clark sold 9,334 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the transaction, the director now owns 85,573 shares of the company's stock, valued at $725,659.04. This represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sabrina Simmons sold 9,335 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the transaction, the director now directly owns 50,215 shares in the company, valued at $425,823.20. This trade represents a 15.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,770 shares of company stock valued at $211,087. 16.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Coursera
Hedge funds have recently made changes to their positions in the company. State of Wyoming grew its holdings in shares of Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after purchasing an additional 3,520 shares during the last quarter. Quarry LP grew its holdings in shares of Coursera by 1,848.6% during the first quarter. Quarry LP now owns 4,131 shares of the company's stock worth $28,000 after purchasing an additional 3,919 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Coursera during the fourth quarter worth about $35,000. KBC Group NV grew its holdings in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after purchasing an additional 4,376 shares during the last quarter. Finally, Pale Fire Capital SE purchased a new position in shares of Coursera during the first quarter worth about $67,000. Hedge funds and other institutional investors own 89.55% of the company's stock.
About Coursera
(
Get Free Report)
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.
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