Coursera (NYSE:COUR) Sets New 1-Year Low at $9.44

Coursera, Inc. (NYSE:COUR) shares reached a new 52-week low on Wednesday . The company traded as low as $9.44 and last traded at $9.47, with a volume of 408373 shares trading hands. The stock had previously closed at $9.68.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on COUR shares. Royal Bank of Canada decreased 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 cut their price target on Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. The Goldman Sachs Group decreased their price objective on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a report on Wednesday, May 1st. Morgan Stanley reduced their target price on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. Finally, Truist Financial reduced their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.85.

Coursera Price Performance

The company has a fifty day moving average price of $13.26 and a 200 day moving average price of $16.89. The company has a market cap of $1.45 billion, a PE ratio of -13.48 and a beta of 1.57.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, sell-side analysts predict that Coursera, Inc. will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In related news, COO Shravan Goli sold 35,450 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total transaction of $584,216.00. Following the transaction, the chief operating officer now directly owns 737,641 shares of the company’s stock, valued at approximately $12,156,323.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Coursera news, COO Shravan Goli sold 35,450 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $16.48, for a total transaction of $584,216.00. Following the completion of the sale, the chief operating officer now directly owns 737,641 shares in the company, valued at $12,156,323.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 5,864 shares of the firm’s stock in a transaction dated 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 directly owns 167,798 shares in the company, valued at $2,775,378.92. The disclosure for this sale can be found here. Insiders have sold 628,932 shares of company stock worth $9,028,314 over the last 90 days. Corporate insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Coursera in the third quarter worth approximately $38,000. Daiwa Securities Group Inc. boosted its position in Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after buying an additional 580 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Coursera in the 4th quarter worth $204,000. Moran Wealth Management LLC purchased a new position in shares of Coursera in the fourth quarter valued at about $208,000. Finally, Martin Currie Ltd. bought a new position in shares of Coursera during the third quarter valued at about $212,000. Institutional investors own 89.55% of the company’s stock.

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.