Coursera (NYSE:COUR) Shares Down 3.7% – Should You Sell?

Coursera, Inc. (NYSE:COUR)’s stock price traded down 3.7% during trading on Friday . The stock traded as low as $7.90 and last traded at $7.90. 393,785 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 2,292,432 shares. The stock had previously closed at $8.20.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on COUR shares. JPMorgan Chase & Co. started coverage on shares of Coursera in a research note on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective on the stock. Cantor Fitzgerald cut their price target on Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Morgan Stanley decreased their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Needham & Company LLC decreased their price target on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.66.

Coursera Price Performance

The company’s fifty day moving average price is $7.47 and its 200-day moving average price is $7.62. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -15.59 and a beta of 1.44.

Insider Buying and Selling at Coursera

In other Coursera 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 transaction of $49,954.63. Following the sale, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was 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 of the company’s stock, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,885 shares of company stock worth $102,815. 16.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in Coursera by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after purchasing an additional 1,276 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares during the period. Pitcairn Co. boosted its stake in shares of Coursera by 16.9% in the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after buying an additional 1,971 shares during the last quarter. FMR LLC grew its holdings 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 acquiring an additional 2,651 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in Coursera by 11.2% during the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock valued at $210,000 after acquiring an additional 2,658 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.