Coursera (NYSE:COUR) Trading 5.2% Higher

Shares of Coursera, Inc. (NYSE:COUR) rose 5.2% on Thursday . The stock traded as high as $6.84 and last traded at $6.84. Approximately 1,142,394 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 2,082,157 shares. The stock had previously closed at $6.50.

Analyst Upgrades and Downgrades

COUR has been the topic of several recent analyst reports. KeyCorp cut their target price on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Morgan Stanley decreased their price objective on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. Cantor Fitzgerald cut their target price on Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Finally, The Goldman Sachs Group reduced their price target on Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Coursera currently has an average rating of “Moderate Buy” and an average target price of $16.85.

Coursera Stock Up 5.7 %

The company’s fifty day simple moving average is $8.55 and its 200 day simple moving average is $14.03. The firm has a market capitalization of $1.07 billion, a PE ratio of -9.87 and a beta of 1.45.

Coursera (NYSE:COUR) last released its earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.03% and a negative net margin of 16.05%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.24) EPS. Equities research analysts forecast that Coursera, Inc. will post -0.45 EPS for the current year.

Insider Transactions at Coursera

In other Coursera news, Director Amanda Clark sold 8,093 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the completion of the transaction, the director now owns 76,266 shares of the company’s stock, valued at $588,773.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coursera news, Director Amanda Clark sold 8,093 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $7.72, for a total value of $62,477.96. Following the sale, the director now directly owns 76,266 shares of the company’s stock, valued at $588,773.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew Y. Ng sold 50,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $12.09, for a total value of $604,500.00. Following the transaction, the director now owns 7,058,074 shares of the company’s stock, valued at $85,332,114.66. The disclosure for this sale can be found here. Insiders have sold 239,072 shares of company stock valued at $2,688,797 in the last three months. 16.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis purchased a new position in Coursera in the 1st quarter worth approximately $35,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Coursera in the third quarter worth $38,000. Covestor Ltd lifted its holdings in shares of Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after purchasing an additional 1,846 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Coursera by 13.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Coursera during the first quarter valued at $162,000. 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.