Coursera (NYSE:COUR) Stock Price Down 4.8% - Here's What Happened

Key Points

• Coursera's stock price fell by 4.8% to $11.15, with trading volume significantly down by 78% compared to its daily average.
• Analyst ratings vary, with Bank of America upgrading Coursera to a "neutral" rating and a price target increase to $12.00, while Zacks Research downgraded it to a "hold" rating.
• Insider selling was noted, including the CFO selling nearly 30,000 shares, which decreased their ownership by 3.01%.

Coursera, Inc. (NYSE:COUR - Get Free Report) dropped 4.8% on Wednesday . The company traded as low as $11.22 and last traded at $11.15. Approximately 489,383 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 2,255,311 shares. The stock had previously closed at $11.71.

Wall Street Analyst Weigh In

COUR has been the subject of a number of analyst reports. Bank of America upgraded Coursera from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $7.00 to $12.00 in a report on Friday, July 25th. Telsey Advisory Group restated an "outperform" rating and issued a $14.00 price target on shares of Coursera in a report on Friday, August 15th. Zacks Research cut Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Royal Bank Of Canada upped their price target on Coursera from $10.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price target on Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Coursera presently has an average rating of "Hold" and an average target price of $11.40.

Coursera Stock Down 4.9%

The company has a market capitalization of $1.80 billion, a P/E ratio of -33.74 and a beta of 1.40. The business has a 50 day simple moving average of $11.56 and a 200-day simple moving average of $9.29.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $187.10 million for the quarter, compared to analysts' expectations of $180.52 million. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%.The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In other Coursera news, CFO Kenneth R. Hahn sold 29,636 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $11.97, for a total value of $354,742.92. Following the sale, the chief financial officer directly owned 954,047 shares in the company, valued at approximately $11,419,942.59. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Michele M. Meyers sold 3,500 shares of Coursera stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $11.31, for a total transaction of $39,585.00. Following the sale, the chief accounting officer owned 237,795 shares in the company, valued at approximately $2,689,461.45. This represents a 1.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 193,131 shares of company stock worth $2,265,189. 16.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Coursera

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Coursera by 1.3% during the first quarter. Vanguard Group Inc. now owns 12,306,979 shares of the company's stock valued at $81,964,000 after purchasing an additional 159,820 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Coursera by 2.6% during the second quarter. Geode Capital Management LLC now owns 3,057,118 shares of the company's stock valued at $26,784,000 after purchasing an additional 77,044 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Coursera by 7.7% during the first quarter. Deutsche Bank AG now owns 1,986,750 shares of the company's stock valued at $13,232,000 after purchasing an additional 141,745 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Coursera by 6.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,883,396 shares of the company's stock valued at $16,499,000 after purchasing an additional 115,898 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Coursera during the second quarter valued at about $15,435,000. 89.55% of the stock is currently owned by institutional investors.

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.

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