Coursera (NYSE:COUR) Sets New 1-Year Low – Time to Sell?

Coursera, Inc. (NYSE:COUR)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $4.98 and last traded at $5.0550, with a volume of 433549 shares. The stock had previously closed at $5.04.

Analyst Upgrades and Downgrades

COUR has been the topic of several research analyst reports. Wall Street Zen raised Coursera from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group raised Coursera from a “sell” rating to a “neutral” rating and raised their target price for the company from $5.50 to $6.50 in a research report on Monday, August 3rd. Bank of America lowered their target price on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $7.00 price target on shares of Coursera in a report on Wednesday, June 24th. Finally, Zacks Research lowered shares of Coursera from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.55.

Coursera Trading Up 1.9%

The company’s fifty day moving average is $5.70 and its 200 day moving average is $5.73. The company has a market capitalization of $1.36 billion, a P/E ratio of -7.69, a P/E/G ratio of 0.63 and a beta of 1.26.

Coursera (NYSE:COUR) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The business had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. During the same period in the previous year, the business earned $0.12 EPS. Coursera’s revenue was up 59.6% compared to the same quarter last year. Equities research analysts predict that Coursera, Inc. will post 0.16 EPS for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president owned 236,237 shares in the company, valued at $1,348,913.27. This trade represents a 3.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG bought a new stake in Coursera during the 2nd quarter valued at $9,848,000. OMERS ADMINISTRATION Corp bought a new stake in Coursera in the 2nd quarter worth $1,579,000. Great Lakes Advisors LLC bought a new stake in Coursera in the 2nd quarter worth $3,262,000. BlackRock Inc. purchased a new position in shares of Coursera in the second quarter valued at about $116,245,000. Finally, Invenomic Capital Management LP increased its position in shares of Coursera by 207.3% in the fourth quarter. Invenomic Capital Management LP now owns 906,224 shares of the company’s stock valued at $6,670,000 after acquiring an additional 611,325 shares during the period. 89.55% of the stock is owned by hedge funds and other institutional investors.

About Coursera

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor’s and master’s degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.