Coursera (NYSE:COUR) Sets New 52-Week Low at $9.44

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

Analyst Upgrades and Downgrades

COUR has been the topic of several analyst reports. KeyCorp dropped their price target on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Needham & Company LLC reduced their price target on Coursera from $23.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Telsey Advisory Group restated an “outperform” rating and issued a $25.00 price objective on shares of Coursera in a research report on Thursday, April 25th. Truist Financial decreased their target price on Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, April 30th. Finally, Morgan Stanley reduced their price objective on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Coursera Stock Down 4.0 %

The firm has a market cap of $1.45 billion, a PE ratio of -13.48 and a beta of 1.57. The business has a 50-day moving average price of $13.26 and a two-hundred day moving average price of $16.89.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The company had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) EPS. On average, equities research analysts predict that Coursera, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other news, CFO Kenneth R. Hahn sold 25,000 shares of Coursera stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total value of $425,250.00. Following the sale, the chief financial officer now owns 532,715 shares of the company’s stock, valued at $9,061,482.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Kenneth R. Hahn sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $17.01, for a total value of $425,250.00. Following the completion of the sale, the chief financial officer now owns 532,715 shares in the company, valued at $9,061,482.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amanda Clark sold 1,562 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total value of $26,319.70. Following the completion of the sale, the director now owns 67,252 shares in the company, valued at approximately $1,133,196.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 628,932 shares of company stock worth $9,028,314. Company insiders own 15.90% of the company’s stock.

Institutional Trading of Coursera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new stake in Coursera in the 3rd quarter valued at $38,000. Daiwa Securities Group Inc. lifted 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 worth $97,000 after acquiring an additional 580 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Coursera in the 4th quarter worth approximately $204,000. Moran Wealth Management LLC purchased a new stake in shares of Coursera during the fourth quarter valued at approximately $208,000. Finally, Martin Currie Ltd. acquired a new position in shares of Coursera during the third quarter worth $212,000. Hedge funds and other 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.