Coursera (NYSE:COUR) Trading Down 5.3% - What's Next?

Coursera, Inc. (NYSE:COUR - Get Free Report)'s stock price traded down 5.3% during mid-day trading on Thursday . The stock traded as low as $8.43 and last traded at $8.37. 1,695,098 shares were traded during mid-day trading, a decline of 21% from the average session volume of 2,143,747 shares. The stock had previously closed at $8.83.

Analyst Ratings Changes

A number of research firms have commented on COUR. Bank of America reaffirmed an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley restated an "equal weight" rating and issued a $11.00 price target (up from $10.00) on shares of Coursera in a research note on Thursday, June 5th. Finally, Needham & Company LLC restated a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.40.

Coursera Stock Down 1.5%

The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -19.10 and a beta of 1.36. The stock has a 50 day moving average of $8.68 and a 200 day moving average of $8.10.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The business had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. Coursera's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, analysts predict that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at Coursera

In other news, Director Sabrina Simmons sold 9,335 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,160.80. Following the completion of the transaction, the director owned 50,215 shares of the company's stock, valued at approximately $425,823.20. The trade was a 15.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,152.32. Following the completion of the sale, the director owned 85,573 shares in the company, valued at approximately $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,770 shares of company stock valued at $211,087. Corporate insiders own 16.80% of the company's stock.

Institutional Investors Weigh In On Coursera

Hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its stake in shares of Coursera by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 38,746 shares of the company's stock valued at $329,000 after purchasing an additional 12,749 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Coursera by 582.9% during the fourth quarter. Jump Financial LLC now owns 213,753 shares of the company's stock worth $1,817,000 after buying an additional 182,453 shares in the last quarter. Penn Capital Management Company LLC acquired a new position in shares of Coursera during the fourth quarter worth $635,000. Franklin Resources Inc. increased its holdings in shares of Coursera by 19.6% during the fourth quarter. Franklin Resources Inc. now owns 260,866 shares of the company's stock worth $2,217,000 after buying an additional 42,765 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Coursera by 340.9% during the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock worth $2,322,000 after buying an additional 211,191 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.