Coursera (NYSE:COUR) Sets New 52-Week Low After Analyst Downgrade

Coursera, Inc. (NYSE:COUR) 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 traded. The stock had previously closed at $11.89.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group restated an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research note on Thursday, April 25th. William Blair restated an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. KeyCorp lowered their price objective on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. The Goldman Sachs Group lowered shares of Coursera from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $18.00 to $14.00 in a research note on Friday, January 19th. Finally, Needham & Company LLC reduced their target price on shares of Coursera from $23.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.40.

Insider Buying and Selling at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total transaction of $503,500.00. Following the completion of the sale, the chief executive officer now owns 2,551,930 shares of the company’s stock, valued at approximately $51,395,870.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total value of $503,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,551,930 shares in the company, valued at $51,395,870.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Shravan Goli sold 35,450 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.48, for a total value of $584,216.00. Following the sale, the chief operating officer now owns 737,641 shares of the company’s stock, valued at approximately $12,156,323.68. The disclosure for this sale can be found here. Insiders sold 603,932 shares of company stock valued at $9,051,814 in the last quarter. Company insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently added to or reduced their stakes in COUR. DekaBank Deutsche Girozentrale acquired a new stake in Coursera during the third quarter valued at approximately $38,000. Daiwa Securities Group Inc. boosted its holdings in 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. Harvest Fund Management Co. Ltd acquired a new stake in Coursera during the fourth quarter valued at approximately $204,000. Moran Wealth Management LLC bought a new position in shares of Coursera in the fourth quarter valued at approximately $208,000. Finally, Martin Currie Ltd. bought a new position in shares of Coursera in the third quarter valued at approximately $212,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Coursera Price Performance

The business’s 50 day moving average price is $14.06 and its 200-day moving average price is $17.25. The company has a market cap of $1.69 billion, a P/E ratio of -13.78 and a beta of 1.48.

Coursera (NYSE:COUR) last posted its earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. 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 company posted ($0.24) earnings per share. Coursera’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, research analysts forecast that Coursera, Inc. will post -0.47 EPS for the current year.

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.