Coursera (NYSE:COUR) Reaches New 12-Month Low After Analyst Downgrade

Coursera, Inc. (NYSE:COUR) shares hit a new 52-week low during mid-day trading on Tuesday after Cantor Fitzgerald lowered their price target on the stock from $26.00 to $21.00. Cantor Fitzgerald currently has an overweight rating on the stock. Coursera traded as low as $9.85 and last traded at $10.65, with a volume of 2142817 shares changing hands. The stock had previously closed at $11.89.

COUR has been the topic of several other research reports. The Goldman Sachs Group lowered Coursera from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $18.00 to $14.00 in a report on Friday, January 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Coursera in a research note on Friday, February 2nd. Needham & Company LLC cut their target price on shares of Coursera from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday. Telsey Advisory Group reiterated an “outperform” rating and set a $25.00 price target on shares of Coursera in a research note on Thursday, April 25th. Finally, Morgan Stanley dropped their price objective on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.40.

Insider Activity at Coursera

In related news, COO Shravan Goli sold 35,450 shares of Coursera stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total value of $584,216.00. Following 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 can be accessed through this link. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $842,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,524,525 shares of the company’s stock, valued at $42,538,246.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Shravan Goli sold 35,450 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total value of $584,216.00. Following the completion of the transaction, the chief operating officer now directly owns 737,641 shares of the company’s stock, valued at $12,156,323.68. The disclosure for this sale can be found here. Insiders have sold a total of 603,932 shares of company stock worth $9,051,814 over the last three months. 15.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. boosted its position in shares of Coursera by 43.1% in the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after buying an additional 7,773,508 shares during the period. Norges Bank bought a new stake in Coursera during the 4th quarter valued at $52,804,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of Coursera by 164.6% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after purchasing an additional 1,098,701 shares during the period. Emory University acquired a new position in shares of Coursera in the 4th quarter worth $17,893,000. Finally, Inflection Point Investments LLP acquired a new position in shares of Coursera in the 4th quarter worth $14,526,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Stock Down 9.6 %

The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -13.78 and a beta of 1.48. The company has a 50-day moving average price of $14.06 and a 200 day moving average price of $17.25.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The company had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts forecast that Coursera, Inc. will post -0.47 EPS for the current year.

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.