Coursera (NYSE:COUR) Trading 4.7% Higher

Coursera, Inc. (NYSE:COUR) shot up 4.7% during mid-day trading on Tuesday . The stock traded as high as $9.83 and last traded at $9.78. 559,174 shares were traded during trading, a decline of 76% from the average session volume of 2,335,404 shares. The stock had previously closed at $9.34.

Analysts Set New Price Targets

Several research firms recently issued reports on COUR. Cantor Fitzgerald increased their price target on shares of Coursera from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Truist Financial reduced their price target on shares of Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target 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 target on shares of Coursera in a research report on Monday, July 22nd. Finally, KeyCorp reduced their price target on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.10.

Coursera Stock Down 5.8 %

The business’s 50 day moving average is $7.38 and its two-hundred day moving average is $11.88. The firm has a market cap of $1.37 billion, a P/E ratio of -12.70 and a beta of 1.44.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share 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 business had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. During the same quarter last year, the firm earned ($0.20) earnings per share. Coursera’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts anticipate that Coursera, Inc. will post -0.44 EPS for the current year.

Insider Buying and Selling

In other Coursera news, Director Amanda Clark sold 8,093 shares of Coursera stock in a transaction on Friday, May 24th. The shares were sold at an average price of $7.72, for a total value of $62,477.96. Following the completion of the sale, the director now directly owns 76,266 shares of the company’s stock, valued at $588,773.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Coursera news, Director Amanda Clark sold 8,093 shares of Coursera stock in a transaction on Friday, May 24th. The shares were sold at an average price of $7.72, for a total value of $62,477.96. Following the completion of the sale, the director now directly owns 76,266 shares of the company’s stock, valued at $588,773.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,283 shares of Coursera stock in a transaction on Friday, May 17th. The shares were sold at an average price of $8.56, for a total transaction of $53,782.48. Following the completion of the sale, the senior vice president now directly owns 220,589 shares of the company’s stock, valued at $1,888,241.84. The disclosure for this sale can be found here. Insiders sold 36,192 shares of company stock valued at $317,237 over the last quarter. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. CWM LLC grew its holdings in shares of Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after buying an additional 3,860 shares during the last quarter. Natixis acquired a new position in shares of Coursera during the first quarter valued at about $35,000. Covestor Ltd boosted its holdings in Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares during the last quarter. nVerses Capital LLC boosted its holdings in Coursera by 26.1% during 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 during the last quarter. Finally, 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 worth $97,000 after purchasing an additional 580 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.