Coursera (NYSE:COUR) Sets New 12-Month Low – Should You Sell?

Shares of Coursera, Inc. (NYSE:COUR) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $4.76 and last traded at $4.7450, with a volume of 734076 shares changing hands. The stock had previously closed at $5.05.

Analyst Upgrades and Downgrades

Several research firms have commented on COUR. Bank of America cut their price objective on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $5.50 to $6.50 in a research report on Monday, August 3rd. Weiss Ratings lowered shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Coursera in a research note on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.55.

Coursera Price Performance

The stock’s fifty day simple moving average is $5.65 and its 200-day simple moving average is $5.69. The stock has a market cap of $1.26 billion, a P/E ratio of -7.01, a PEG ratio of 0.64 and a beta of 1.26.

Coursera (NYSE:COUR) last issued its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. The firm had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm’s revenue for the quarter was up 59.6% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. Analysts forecast that Coursera, Inc. will post 0.16 EPS for the current year.

Insiders Place Their Bets

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.71, for a total transaction of $52,183.69. Following the completion of the transaction, the senior vice president owned 236,237 shares in the company, valued at approximately $1,348,913.27. The trade was a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.30% of the stock is owned by insiders.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP lifted its holdings in shares of Coursera by 9.0% in the second quarter. Engineers Gate Manager LP now owns 298,975 shares of the company’s stock valued at $1,686,000 after buying an additional 24,686 shares during the period. SVB Wealth LLC lifted its holdings in shares of Coursera by 66.7% in the second quarter. SVB Wealth LLC now owns 39,062 shares of the company’s stock valued at $220,000 after purchasing an additional 15,624 shares in the last quarter. IFP Advisors Inc grew its stake in Coursera by 299.7% during the 2nd quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock valued at $33,000 after acquiring an additional 4,433 shares in the last quarter. Allworth Financial LP increased its stake in Coursera by 68.6% in the 2nd quarter. Allworth Financial LP now owns 7,052 shares of the company’s stock valued at $40,000 after buying an additional 2,870 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Coursera by 55.4% during the second quarter. Arizona State Retirement System now owns 60,918 shares of the company’s stock worth $344,000 after acquiring an additional 21,716 shares in the last quarter. 89.55% of the stock is currently owned by 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.