Coursera, Inc. (NYSE:COUR – Get Free Report) Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the sale, the director now directly owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Coursera Stock Up 4.3 %
COUR stock traded up $0.35 during mid-day trading on Friday, reaching $8.36. 1,233,097 shares of the company traded hands, compared to its average volume of 2,320,711. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -12.12 and a beta of 1.44. Coursera, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $21.26. The firm’s 50 day moving average price is $7.60 and its 200 day moving average price is $10.74.
Coursera (NYSE:COUR – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.77%. The firm had revenue of $170.30 million for the quarter, compared to the consensus estimate of $164.67 million. During the same period in the previous year, the firm earned ($0.20) EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Coursera, Inc. will post -0.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Coursera
Wall Street Analysts Forecast Growth
COUR has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 target price on shares of Coursera in a research report on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Coursera in a research note on Friday, July 26th. The Goldman Sachs Group cut their price target on shares of Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research report on Friday, July 26th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.10.
Check Out Our Latest Stock Analysis on Coursera
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.
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