Coursera (NYSE:COUR) Reaches New 12-Month Low After Analyst Downgrade

Coursera, Inc. (NYSE:COUR)’s stock price hit a new 52-week low during trading on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $15.00 to $10.50. The Goldman Sachs Group currently has a sell rating on the stock. Coursera traded as low as $9.85 and last traded at $10.65, with a volume of 2142817 shares. The stock had previously closed at $11.89.

A number of other equities analysts have also commented on COUR. Royal Bank of Canada cut their price objective on Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday. Needham & Company LLC dropped their price target on shares of Coursera from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday. Truist Financial reduced their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday. William Blair reissued an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Finally, BMO Capital Markets dropped their target price on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday. One 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Insiders Place Their Bets

In related news, CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the sale, the chief accounting officer now directly owns 240,159 shares in the company, valued at approximately $2,881,908. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total transaction of $595,500.00. Following the sale, the chief executive officer now owns 2,177,496 shares in the company, valued at $25,933,977.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total value of $34,560.00. Following the completion of the transaction, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at $2,881,908. The disclosure for this sale can be found here. Insiders sold 603,932 shares of company stock valued at $9,051,814 over the last ninety days. 15.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coursera

Large investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in Coursera in the 3rd quarter worth approximately $38,000. Daiwa Securities Group Inc. raised its position in shares of Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after buying an additional 580 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Coursera in the fourth quarter worth $204,000. Moran Wealth Management LLC bought a new stake in Coursera during the fourth quarter valued at $208,000. Finally, Martin Currie Ltd. purchased a new position in Coursera during the third quarter worth about $212,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Stock Performance

The business has a 50 day simple moving average of $13.93 and a two-hundred day simple moving average of $17.20. The firm has a market capitalization of $1.54 billion, a P/E ratio of -14.14 and a beta of 1.48.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The company had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. During the same period in the prior year, the business earned ($0.24) earnings per share. Coursera’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities analysts anticipate that Coursera, Inc. will post -0.47 earnings per share for the current fiscal year.

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.