Coursera (NYSE:COUR) Stock Price Up 8.4% – Here’s Why

Coursera, Inc. (NYSE:COUR)’s share price shot up 8.4% during mid-day trading on Monday . The stock traded as high as $5.63 and last traded at $5.7250. 823,756 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 5,253,342 shares. The stock had previously closed at $5.28.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COUR. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Coursera in a report on Friday, April 24th. UBS Group reissued a “neutral” rating and set a $7.00 price objective on shares of Coursera in a research report on Friday, February 6th. Telsey Advisory Group dropped their price objective on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Weiss Ratings upgraded shares of Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley set a $7.50 price target on Coursera in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.50.

Coursera Stock Up 7.9%

The company has a market capitalization of $964.35 million, a price-to-earnings ratio of -14.99 and a beta of 1.30. The stock’s 50-day moving average price is $5.91 and its 200-day moving average price is $6.77.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $195.70 million for the quarter, compared to the consensus estimate of $195.17 million. Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, equities research analysts anticipate that Coursera, Inc. will post -0.09 EPS for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 9,710 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total transaction of $57,483.20. Following the transaction, the senior vice president owned 217,876 shares in the company, valued at approximately $1,289,825.92. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Coursera

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Coursera by 15.8% during the fourth quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock worth $118,619,000 after purchasing an additional 2,195,148 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Coursera by 97.0% during the fourth quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after acquiring an additional 7,184,167 shares in the last quarter. Caledonia Private Investments Pty Ltd grew its stake in Coursera by 29.4% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock valued at $88,708,000 after acquiring an additional 2,739,039 shares during the period. Pale Fire Capital SE bought a new stake in shares of Coursera in the first quarter worth about $61,178,000. Finally, Mak Capital One LLC acquired a new stake in shares of Coursera during the fourth quarter worth about $27,610,000. Institutional investors own 89.55% of the company’s stock.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.