Coursera (NYSE:COUR) Sets New 1-Year Low - What's Next?

Key Points

• Coursera shares fell 5.8% to a new 52-week low of $4.76, below the 50-day and 200-day moving averages of $5.65 and $5.69, respectively.
• Analyst sentiment remains moderately positive, with seven Buy, four Hold, and one Sell rating; the consensus price target is $8.55, well above the recent share price.
• Despite a negative net margin and return on equity, Coursera’s latest quarterly results exceeded expectations, with adjusted EPS of $0.17 versus $0.10 expected and revenue up 59.6% year over year to $298.6 million.

Coursera, Inc. (NYSE:COUR - Get Free Report)'s share price reached a new 52-week low during trading on Monday. The company traded as low as $4.76 and last traded at $4.7450, with a volume of 734076 shares changing hands. The stock had previously closed at $5.05.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Coursera from a "hold" rating to a "buy" rating in a research note on Saturday, September 19th. Weiss Ratings cut shares of Coursera from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, September 14th. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Zacks Research cut shares of Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday, August 24th. Finally, Bank of America reduced their price target on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, June 30th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $8.55.

Coursera Trading Down 5.8%

The firm has a market capitalization of $1.26 billion, a PE ratio of -7.01, a PEG ratio of 0.64 and a beta of 1.26. The stock's 50 day moving average price is $5.65 and its two-hundred day moving average price is $5.69.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.07. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the prior year, the company earned $0.12 EPS. Coursera's revenue was up 59.6% on a year-over-year basis. Analysts expect that Coursera, Inc. will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the transaction, the senior vice president directly owned 236,237 shares in the company, valued at approximately $1,348,913.27. This represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. acquired a new stake in shares of Coursera in the first quarter worth approximately $31,000. Versant Capital Management Inc raised its stake in Coursera by 63.2% during the second quarter. Versant Capital Management Inc now owns 5,555 shares of the company's stock worth $31,000 after purchasing an additional 2,152 shares during the period. IFP Advisors Inc boosted its holdings in shares of Coursera by 299.7% in the 2nd quarter. IFP Advisors Inc now owns 5,912 shares of the company's stock valued at $33,000 after purchasing an additional 4,433 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of Coursera during the 2nd quarter valued at $40,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Coursera during the 2nd quarter valued at $57,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor's and master's degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.

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