Michele M. Meyers Sells 2,880 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR - Get Free Report) CAO Michele M. Meyers sold 2,880 shares of the company's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the completion of the sale, the chief accounting officer now directly owns 240,159 shares in the company, valued at $2,881,908. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Coursera Stock Up 2.4 %

NYSE COUR traded up $0.29 on Monday, hitting $12.24. The company's stock had a trading volume of 2,065,244 shares, compared to its average volume of 1,659,025. Coursera, Inc. has a 1-year low of $9.91 and a 1-year high of $21.26. The firm has a market cap of $1.93 billion, a PE ratio of -15.90 and a beta of 1.48. The company's 50-day moving average is $14.56 and its 200 day moving average is $17.49.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The company had revenue of $168.88 million for the quarter, compared to analyst estimates of $163.64 million. On average, equities analysts expect that Coursera, Inc. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Coursera from $25.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday. Cantor Fitzgerald restated an "overweight" rating and set a $26.00 price objective on shares of Coursera in a research report on Wednesday, April 17th. KeyCorp boosted their price objective on Coursera from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, February 2nd. Needham & Company LLC increased their target price on Coursera from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Finally, Truist Financial upped their price objective on Coursera from $17.00 to $20.00 and gave the company a "hold" rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.10.

Institutional Trading of Coursera

A number of hedge funds have recently bought and sold shares of COUR. Daiwa Securities Group Inc. lifted its stake in Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company's stock valued at $97,000 after purchasing an additional 580 shares during the last quarter. Bailard Inc. lifted its position in shares of Coursera by 1.0% during the 3rd quarter. Bailard Inc. now owns 91,440 shares of the company's stock valued at $1,709,000 after buying an additional 866 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Coursera by 9.4% during the third quarter. Victory Capital Management Inc. now owns 12,008 shares of the company's stock valued at $224,000 after purchasing an additional 1,029 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Coursera by 6.0% in the 4th quarter. QRG Capital Management Inc. now owns 20,842 shares of the company's stock worth $404,000 after buying an additional 1,181 shares during the period. Finally, Aviva PLC boosted its holdings in shares of Coursera by 7.5% in the third quarter. Aviva PLC now owns 23,077 shares of the company's stock worth $431,000 after acquiring an additional 1,607 shares during the period. 89.55% of the stock is currently owned by institutional investors.

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.