Amanda Clark Sells 1,562 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR - Get Free Report) Director Amanda Clark sold 1,562 shares of Coursera stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $8.92, for a total transaction of $13,933.04. Following the sale, the director now owns 65,690 shares in the company, valued at $585,954.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Coursera Stock Performance

Coursera stock traded down $0.22 during mid-day trading on Friday, reaching $8.49. The stock had a trading volume of 2,115,080 shares, compared to its average volume of 1,874,002. The firm has a market capitalization of $1.33 billion, a PE ratio of -12.63 and a beta of 1.57. Coursera, Inc. has a fifty-two week low of $8.45 and a fifty-two week high of $21.26. The stock's 50-day simple moving average is $12.35 and its 200-day simple moving average is $16.49.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The business had revenue of $169.10 million during the quarter, compared to the consensus estimate of $170.43 million. During the same quarter last year, the firm posted ($0.24) EPS. Coursera's revenue was up 14.6% compared to the same quarter last year. On average, research analysts forecast that Coursera, Inc. will post -0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets cut their price target on shares of Coursera from $20.00 to $13.00 and set an "outperform" rating on the stock in a report on Wednesday, May 1st. Truist Financial cut their price objective on Coursera from $20.00 to $12.00 and set a "hold" rating on the stock in a research note on Tuesday, April 30th. KeyCorp lowered their price target on shares of Coursera from $24.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, April 24th. Morgan Stanley dropped their price target on shares of Coursera from $21.00 to $15.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 30th. Finally, William Blair reiterated an "outperform" rating on shares of Coursera in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.85.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently made changes to their positions in COUR. DekaBank Deutsche Girozentrale purchased a new stake in shares of Coursera in the third quarter valued at about $38,000. Natixis purchased a new stake in Coursera in the 1st quarter valued at about $35,000. Covestor Ltd lifted its position in shares of Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company's stock worth $61,000 after buying an additional 1,846 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company's stock worth $97,000 after buying an additional 580 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Coursera in the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 89.55% of the company's stock.

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.

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