Coursera (NYSE:COUR) Hits New 52-Week Low at $7.61

Coursera, Inc. (NYSE:COURGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.61 and last traded at $7.69, with a volume of 1264203 shares changing hands. The stock had previously closed at $7.85.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COUR. Telsey Advisory Group reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research report on Thursday, April 25th. Truist Financial cut their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 30th. BMO Capital Markets reduced their price target on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. William Blair reaffirmed an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Finally, Royal Bank of Canada dropped their price target on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.85.

Get Our Latest Research Report on COUR

Coursera Stock Down 2.2 %

The company’s 50-day moving average is $11.30 and its two-hundred day moving average is $15.90. The company has a market capitalization of $1.20 billion, a P/E ratio of -11.36 and a beta of 1.57.

Coursera (NYSE:COURGet Free Report) last released its earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The business had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Coursera, Inc. will post -0.45 EPS for the current year.

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 8,093 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the sale, the director now owns 76,266 shares in the company, valued at $588,773.52. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Coursera news, SVP Alan B. Cardenas sold 6,283 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the transaction, the senior vice president now owns 220,589 shares of the company’s stock, valued at approximately $1,888,241.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amanda Clark sold 8,093 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $7.72, for a total value of $62,477.96. Following the sale, the director now owns 76,266 shares of the company’s stock, valued at $588,773.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 451,952 shares of company stock worth $5,806,455. Insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new stake in Coursera during the 3rd quarter worth approximately $38,000. Natixis purchased a new position in Coursera in the 1st quarter valued at $35,000. Covestor Ltd boosted its stake in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Coursera by 13.2% during the fourth 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 acquired a new stake in shares of Coursera in the fourth quarter valued at about $204,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Company Profile

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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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