Coursera, Inc. (NYSE:COUR – Get Rating) Director Andrew Y. Ng sold 40,000 shares of Coursera in a trade on Tuesday, October 4. The stock was sold at an average price of $11.74, for a total transaction of $469,600.00. Following the sale, the director now owns 7,300,398 shares of the company, valued at $85,706,672.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.
Coursera trades up 2.0%
COUR traded down $0.23 on Thursday, reaching $12.02. The stock recorded a trading volume of 425,733 shares, compared to an average volume of 1,014,749 shares. Coursera, Inc. has a 12 month minimum of $9.81 and a 12 month maximum of $37.75. The company’s 50-day moving average price is $12.15 and its two-hundred-day moving average price is $15.82. The company has a market capitalization of $1.75 billion, a P/E ratio of -10.19 and a beta of 1.11.
Coursera (NYSE:COUR – Get Rating) last released its results on Wednesday, July 27. The company reported ($0.34) EPS for the quarter, missing analyst consensus estimates of ($0.31) by ($0.03). The company posted revenue of $124.80 million for the quarter, compared to $130.90 million expected by analysts. Coursera had a negative return on equity of 22.81% and a negative net margin of 35.70%. The company’s revenue for the quarter increased 22.2% year over year. During the same period of the previous year, the company achieved EPS of ($0.35). As a group, analysts predict Coursera, Inc. will post -1.09 earnings per share for the current year.
Analysts set new price targets
Several research analysts have recently released reports on the stock. Stifel Nicolaus moved Coursera shares from a “buy” rating to a “hold” rating and reduced his target price for the stock from $26.00 to $14.00 in a Thursday, July 28 report. Truist Financial cut its target price on Coursera shares from $35.00 to $20.00 in a Thursday, July 28 report. Cantor Fitzgerald cut his target price on Coursera shares from $30.00 to $19.00 in a Thursday, July 28 report. Telsey Advisory Group cut its price target on Coursera shares from $38.00 to $20.00 and set an “outperform” rating for the company in a Thursday, July 28 report. Finally, Goldman Sachs Group cut Coursera shares from a “buy” rating to a “neutral” rating and reduced its target price for the stock from $23.00 to $14.00 in a Thursday report. July 28. Four research analysts rated the stock with a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.38.
Coursera Institutional Trading
Institutional investors and hedge funds have recently changed their stock holdings. Russell Investments Group Ltd. bought a new stake in shares of Coursera during the first quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new position in Coursera during the second quarter worth approximately $31,000. Prospera Financial Services Inc acquired a new position in Coursera during the first quarter worth approximately $53,000. FMR LLC increased its position in Coursera by 187.5% during the second quarter. FMR LLC now owns 2,366 shares of the company worth $34,000 after acquiring an additional 1,543 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Coursera by 327.8% during the second quarter. Nisa Investment Advisors LLC now owns 3,850 shares of the company worth $55,000 after acquiring 2,950 additional shares in the last quarter. Hedge funds and other institutional investors hold 63.56% of the company’s shares.
Coursera Company Profile
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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification training.
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