Coursera (NYSE:COUR) Stock Price Up 6.3%

Shares of Coursera, Inc. (NYSE:COUR) traded up 6.3% during trading on Monday . The stock traded as high as $7.80 and last traded at $7.76. 625,796 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 2,259,115 shares. The stock had previously closed at $7.30.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research note on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Coursera in a research note on Friday, July 26th. Cantor Fitzgerald upgraded shares of Coursera to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, KeyCorp lowered their price target on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.10.

Coursera Stock Up 2.5 %

The company has a market cap of $1.21 billion, a PE ratio of -10.92 and a beta of 1.43. The stock’s 50 day simple moving average is $7.91 and its two-hundred day simple moving average is $9.81.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $170.30 million for the quarter, compared to analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted ($0.20) EPS. Analysts forecast that Coursera, Inc. will post -0.44 EPS for the current year.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The disclosure for this sale can be found here. Insiders have sold 32,847 shares of company stock valued at $274,832 in the last three months. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. boosted its stake in shares of Coursera by 6.0% during the 4th quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock valued at $404,000 after buying an additional 1,181 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after purchasing an additional 1,276 shares during the last quarter. nVerses Capital LLC lifted its holdings in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after buying an additional 1,800 shares during the last quarter. Covestor Ltd grew its position in shares of Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after acquiring an additional 1,846 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Coursera by 10.3% in the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after acquiring an additional 2,224 shares during the last quarter. 89.55% of the stock is currently 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.