Coursera (NYSE:COUR) Shares Gap Up – Time to Buy?

Coursera, Inc. (NYSE:COUR)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $7.94, but opened at $8.84. Coursera shares last traded at $8.4950, with a volume of 1,431,843 shares.

Analysts Set New Price Targets

A number of research firms have commented on COUR. Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of Coursera in a research report on Wednesday, November 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 price objective on shares of Coursera in a research note on Friday, October 3rd. Cantor Fitzgerald reissued an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. UBS Group upped their target price on Coursera from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.36.

Coursera Stock Up 4.7%

The company’s 50 day simple moving average is $8.75 and its two-hundred day simple moving average is $9.76. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -28.67 and a beta of 1.37.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $194.20 million during the quarter, compared to analyst estimates of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. Analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Michele M. Meyers sold 3,500 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $10.27, for a total transaction of $35,945.00. Following the sale, the chief accounting officer owned 234,295 shares in the company, valued at approximately $2,406,209.65. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Institutional Trading of Coursera

A number of institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after purchasing an additional 1,852 shares during the last quarter. Quarry LP lifted its stake in shares of Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after buying an additional 3,465 shares during the period. State of Wyoming grew its holdings in shares of Coursera by 85.9% during the first quarter. State of Wyoming now owns 7,227 shares of the company’s stock valued at $48,000 after buying an additional 3,340 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after buying an additional 4,550 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Coursera in the 3rd quarter valued at $104,000. 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.