Coursera (NYSE:COUR) Trading Down 5.1% – What’s Next?

Coursera, Inc. (NYSE:COUR)’s stock price dropped 5.1% during trading on Friday . The company traded as low as $7.81 and last traded at $7.84. Approximately 345,079 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 2,293,681 shares. The stock had previously closed at $8.26.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COUR. Morgan Stanley dropped their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. initiated coverage on Coursera in a research note on Monday, November 25th. They set a “neutral” rating and a $8.00 price target on the stock. KeyCorp reduced their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Bank of America started coverage on Coursera in a research report on Thursday, September 19th. They set a “buy” rating and a $11.00 target price on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and an average target price of $10.52.

Coursera Stock Performance

The company’s 50 day simple moving average is $7.57 and its 200 day simple moving average is $7.63. The stock has a market cap of $1.31 billion, a PE ratio of -16.20 and a beta of 1.49.

Insider Activity at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,885 shares of company stock valued at $102,815. 16.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. CWM LLC increased its holdings in Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after acquiring an additional 3,860 shares during the last quarter. FMR LLC boosted its position in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. nVerses Capital LLC increased its stake in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. LGT Group Foundation bought a new stake in shares of Coursera in the second quarter valued at approximately $73,000. Finally, Quarry LP lifted its stake in shares of Coursera by 936.6% during the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after buying an additional 9,357 shares in the last quarter. Hedge funds and other 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.