Coursera (NYSE:COUR) Hits New 12-Month Low at $8.65

Shares of Coursera, Inc. (NYSE:COUR - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $8.65 and last traded at $8.66, with a volume of 80147 shares. The stock had previously closed at $8.71.

Analysts Set New Price Targets

COUR has been the topic of several recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Coursera in a research report on Thursday, April 25th. Royal Bank of Canada reduced their price target on shares of Coursera from $25.00 to $18.00 and set an "outperform" rating for the company in a research note on Tuesday, April 30th. Cantor Fitzgerald decreased their price objective on shares of Coursera from $26.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, April 30th. Morgan Stanley dropped their target price on shares of Coursera from $21.00 to $15.00 and set an "overweight" rating on the stock in a report on Tuesday, April 30th. Finally, Truist Financial lowered their price target on Coursera from $20.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Coursera has a consensus rating of "Moderate Buy" and an average price target of $16.85.

Coursera Price Performance

The company has a market capitalization of $1.33 billion, a PE ratio of -12.30 and a beta of 1.57. The company has a 50-day moving average of $12.22 and a two-hundred day moving average of $16.42.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.06. The firm had revenue of $169.10 million for the quarter, compared to analysts' expectations of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The business's quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) EPS. As a group, research analysts anticipate that Coursera, Inc. will post -0.45 EPS for the current year.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 5,864 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total value of $96,990.56. Following the transaction, the senior vice president now directly owns 167,798 shares of the company's stock, valued at approximately $2,775,378.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $14.43, for a total value of $41,558.40. Following the sale, the chief accounting officer now owns 243,039 shares of the company's stock, valued at approximately $3,507,052.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 5,864 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the transaction, the senior vice president now owns 167,798 shares of the company's stock, valued at $2,775,378.92. The disclosure for this sale can be found here. Insiders have sold 573,948 shares of company stock valued at $7,912,102 over the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Several large investors have recently added to or reduced their stakes in COUR. Jacobs Levy Equity Management Inc. lifted its stake in shares of Coursera by 158.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company's stock valued at $23,185,000 after purchasing an additional 1,014,316 shares during the last quarter. Bayesian Capital Management LP boosted its stake in Coursera by 104.5% during the first quarter. Bayesian Capital Management LP now owns 76,700 shares of the company's stock worth $1,075,000 after buying an additional 39,200 shares during the period. London & Capital Asset Management Ltd bought a new position in Coursera during the first quarter valued at $961,000. Price T Rowe Associates Inc. MD raised its stake in shares of Coursera by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 73,605 shares of the company's stock valued at $1,032,000 after acquiring an additional 5,180 shares during the period. Finally, Magnetar Financial LLC lifted its holdings in shares of Coursera by 93.1% in the 1st quarter. Magnetar Financial LLC now owns 42,064 shares of the company's stock worth $590,000 after acquiring an additional 20,276 shares during the last quarter. 89.55% of the stock is 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.