Coursera (NYSE:COUR) Trading Down 7.2% - What's Next?

Key Points

• Shares fell about 7.2% intraday to $5.605 on heavy volume (≈7.18M shares, ~50% above average), after closing the prior session at $6.04.
• Wall Street is mixed with a consensus rating of "Hold" and an average price target of $10.62, while recent broker moves range from cuts to $8–$10 and an upgrade to a $12 target by JPMorgan.
• Coursera beat revenue estimates with $196.9M and reported $0.06 EPS for the quarter, but remains unprofitable (net margin -6.73%, negative ROE) and analysts forecast a full-year EPS of about -$0.28.

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) were down 7.2% during mid-day trading on Wednesday . The stock traded as low as $5.59 and last traded at $5.6050. Approximately 7,182,033 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 4,802,556 shares. The stock had previously closed at $6.04.

Wall Street Analysts Forecast Growth

COUR has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price objective on Coursera from $11.00 to $8.00 and set an "outperform" rating for the company in a research report on Friday, February 6th. BMO Capital Markets reissued an "outperform" rating and issued a $8.00 target price on shares of Coursera in a report on Friday, February 6th. JPMorgan Chase & Co. upgraded Coursera from a "neutral" rating to an "overweight" rating and set a $12.00 price target for the company in a research note on Wednesday, December 17th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of Coursera in a research report on Friday, February 6th. Finally, KeyCorp dropped their price objective on shares of Coursera from $12.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Coursera presently has a consensus rating of "Hold" and an average price target of $10.62.

Coursera Trading Down 8.0%

The company has a market cap of $940.54 million, a price-to-earnings ratio of -17.92 and a beta of 1.35. The company's 50 day moving average price is $6.03 and its 200 day moving average price is $7.65.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The company had revenue of $196.90 million during the quarter, compared to analysts' expectations of $191.83 million. During the same quarter last year, the business earned $0.08 EPS. The business's revenue was up 9.9% on a year-over-year basis. Sell-side analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 9,710 shares of the firm's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total value of $57,483.20. Following the completion of the sale, the senior vice president owned 217,876 shares in the company, valued at approximately $1,289,825.92. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.80% of the company's stock.

Institutional Trading of Coursera

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Coursera by 769.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,248 shares of the company's stock valued at $98,000 after purchasing an additional 11,724 shares during the period. Pacer Advisors Inc. grew its position in Coursera by 33.9% during the fourth quarter. Pacer Advisors Inc. now owns 426,353 shares of the company's stock worth $3,138,000 after buying an additional 107,920 shares during the period. Virtu Financial LLC acquired a new position in Coursera during the fourth quarter worth about $508,000. T. Rowe Price Investment Management Inc. increased its holdings in Coursera by 6.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,737,297 shares of the company's stock valued at $20,147,000 after buying an additional 154,497 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Coursera by 22.2% in the fourth quarter. Invesco Ltd. now owns 284,476 shares of the company's stock valued at $2,094,000 after buying an additional 51,642 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company's stock.

About Coursera

Coursera, Inc NYSE: COUR operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera's mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

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