Coursera (NYSE:COUR) Stock Price Down 4.6% – Here’s Why
by Scott Moore · The Cerbat GemCoursera, Inc. (NYSE:COUR – Get Free Report) dropped 4.6% on Monday . The company traded as low as $8.34 and last traded at $8.35. Approximately 255,360 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 2,351,152 shares. The stock had previously closed at $8.75.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group reissued an “outperform” rating and set a $12.00 target price on shares of Coursera in a report on Tuesday, April 22nd. Morgan Stanley lifted their target price on Coursera from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.52.
Check Out Our Latest Research Report on Coursera
Coursera Stock Performance
The company’s fifty day moving average is $7.22 and its two-hundred day moving average is $7.74. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -15.47 and a beta of 1.42.
Coursera (NYSE:COUR – Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The firm had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same quarter last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.
Insider Transactions at Coursera
In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.80% of the company’s stock.
Hedge Funds Weigh In On Coursera
Several hedge funds have recently bought and sold shares of COUR. State of Wyoming raised its position in shares of Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after buying an additional 3,520 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Coursera during the 4th quarter valued at approximately $35,000. KBC Group NV lifted its stake in Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after purchasing an additional 4,376 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Coursera during the fourth quarter worth $86,000. Finally, Pallas Capital Advisors LLC bought a new position in Coursera during the first quarter worth $71,000. 89.55% of the stock is owned by hedge funds and other 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.
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