Coursera (NYSE:COUR) Stock Price Down 2.6% – Should You Sell?

Coursera, Inc. (NYSE:COUR) shares fell 2.6% on Wednesday . The stock traded as low as $7.38 and last traded at $7.40. 326,467 shares traded hands during trading, a decline of 85% from the average session volume of 2,153,453 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COUR. Telsey Advisory Group restated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, July 22nd. Bank of America started coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Coursera in a research report on Friday, July 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Friday, July 26th. Finally, The Goldman Sachs Group reduced their price target on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.73.

Coursera Stock Down 1.6 %

The firm has a market cap of $1.17 billion, a PE ratio of -10.80 and a beta of 1.42. The firm’s fifty day simple moving average is $7.88 and its two-hundred day simple moving average is $8.57.

Coursera (NYSE:COUR) last released its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. Coursera’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.20) EPS. As a group, analysts anticipate that Coursera, Inc. will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the transaction, the director now owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

Several institutional investors have recently bought and sold shares of the business. Mutual of America Capital Management LLC increased its holdings in shares of Coursera by 84.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock worth $3,191,000 after buying an additional 104,236 shares during the last quarter. M&G Plc bought a new stake in Coursera during the second quarter worth approximately $5,048,000. SG Americas Securities LLC increased its stake in Coursera by 461.8% during the first quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock worth $1,127,000 after acquiring an additional 66,056 shares during the last quarter. Acadian Asset Management LLC raised its position in Coursera by 231.5% during the first quarter. Acadian Asset Management LLC now owns 465,869 shares of the company’s stock valued at $6,528,000 after purchasing an additional 325,327 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Coursera by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after purchasing an additional 536,890 shares during the last quarter. 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.