Coursera (NYSE:COUR) Stock Price Down 8.5% - Here's What Happened

Key Points

• Coursera's stock price fell by 8.5% on Wednesday, dropping from a previous close of $11.95 to $10.94, with trading volume declining significantly to 474,222 shares.
• Multiple analysts have adjusted their price targets for Coursera, with ratings ranging from "Buy" to "Neutral," and an average consensus target price of $11.40.
• The company reported earnings of $0.12 per share in the last quarter, exceeding analyst estimates, and has set a FY 2025 guidance with expectations of a negative earnings per share for the current fiscal year.

Coursera, Inc. (NYSE:COUR - Get Free Report)'s share price dropped 8.5% on Wednesday . The company traded as low as $11.16 and last traded at $10.94. Approximately 474,222 shares changed hands during trading, a decline of 79% from the average daily volume of 2,245,945 shares. The stock had previously closed at $11.95.

Analyst Upgrades and Downgrades

COUR has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Bank of America raised shares of Coursera from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $7.00 to $12.00 in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. UBS Group boosted their price objective on shares of Coursera from $8.50 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada boosted their price objective on shares of Coursera from $10.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Coursera currently has an average rating of "Hold" and a consensus target price of $11.40.

Coursera Stock Performance

The stock's 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $8.88. The firm has a market capitalization of $1.75 billion, a PE ratio of -32.89 and a beta of 1.40.

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

Insider Transactions at Coursera

In other news, CFO Kenneth R. Hahn sold 75,000 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $11.87, for a total transaction of $890,250.00. Following the transaction, the chief financial officer directly owned 1,075,853 shares in the company, valued at $12,770,375.11. The trade was a 6.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 24,631 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $11.14, for a total transaction of $274,389.34. Following the transaction, the senior vice president owned 258,526 shares in the company, valued at approximately $2,879,979.64. This trade represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,631 shares of company stock worth $1,637,489 over the last ninety days. 16.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP increased its position in 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. Nisa Investment Advisors LLC increased its position in Coursera by 102.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company's stock worth $32,000 after purchasing an additional 1,852 shares during the last quarter. State of Wyoming increased its position in 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. Daiwa Securities Group Inc. increased its position in Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company's stock worth $64,000 after purchasing an additional 4,550 shares during the last quarter. Finally, Pale Fire Capital SE acquired a new position in Coursera during the first quarter worth approximately $67,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Company Profile

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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