Coursera, Inc. (NYSE:COUR - Get Free Report) Director Andrew Y. Ng sold 6,221 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Coursera Trading Down 3.3 %
Shares of Coursera stock opened at $8.12 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of -11.77 and a beta of 1.42. Coursera, Inc. has a 52 week low of $6.35 and a 52 week high of $21.26. The company's 50-day moving average price is $8.04 and its two-hundred day moving average price is $9.45.
Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same quarter last year, the company posted ($0.20) EPS. Coursera's revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts predict that Coursera, Inc. will post -0.44 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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A number of equities research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Coursera in a research report on Thursday. They set a "buy" rating and a $11.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of Coursera in a report on Friday, July 26th. Cantor Fitzgerald upgraded shares of Coursera to a "strong-buy" rating in a research report on Tuesday, August 13th. BMO Capital Markets raised their price target on shares of Coursera from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Finally, KeyCorp reduced their price objective on Coursera from $14.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.73.
View Our Latest Research Report on Coursera
Hedge Funds Weigh In On Coursera
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position in Coursera by 7,568.6% during the 2nd quarter. CWM LLC now owns 3,911 shares of the company's stock worth $28,000 after acquiring an additional 3,860 shares during the period. Natixis purchased a new stake in Coursera in the 1st quarter worth approximately $35,000. Covestor Ltd boosted its stake in shares of Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company's stock valued at $61,000 after buying an additional 1,846 shares during the period. nVerses Capital LLC raised its holdings in shares of 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 acquiring an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation purchased a new stake in shares of Coursera during the second quarter worth $73,000. Institutional investors and hedge funds own 89.55% of the company's stock.
About Coursera
(
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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.
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