Coursera (NYSE:COUR) Stock Price Down 4.6% - Time to Sell?

Coursera, Inc. (NYSE:COUR - Get Free Report) was down 4.6% during mid-day trading on Monday . The company traded as low as $8.34 and last traded at $8.35. Approximately 255,360 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 2,351,152 shares. The stock had previously closed at $8.75.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COUR. Bank of America restated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. Morgan Stanley raised their price target on Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 price objective on shares of Coursera in a report on Tuesday, April 22nd. UBS Group raised their target price on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price target on shares of Coursera in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Coursera currently has a consensus rating of "Hold" and an average price target of $9.31.

Coursera Price Performance

The firm has a fifty day moving average price of $7.25 and a two-hundred day moving average price of $7.77. The stock has a market capitalization of $1.37 billion, a PE ratio of -16.38 and a beta of 1.42.

Coursera (NYSE:COUR - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The firm had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The business's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share. On average, research analysts expect that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 16.80% of the company's stock.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State of Wyoming grew its holdings in Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after acquiring an additional 3,520 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Coursera in the 4th quarter worth approximately $35,000. Xponance Inc. bought a new position in shares of Coursera during the first quarter valued at approximately $69,000. Pallas Capital Advisors LLC purchased a new position in Coursera during the first quarter valued at approximately $71,000. Finally, KBC Group NV raised its stake in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after buying an additional 4,376 shares in the last quarter. Institutional investors 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.