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

Coursera, Inc. (NYSE:COURGet Free Report) hit a new 52-week low on Friday . The company traded as low as $5.72 and last traded at $5.9680, with a volume of 1553590 shares changing hands. The stock had previously closed at $5.98.

More Coursera News

Here are the key news stories impacting Coursera this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COUR. UBS Group restated a “neutral” rating and set a $7.00 price target on shares of Coursera in a research note on Friday. KeyCorp dropped their target price on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price target for the company in a report on Wednesday, December 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Coursera in a research report on Friday. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Coursera in a report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Coursera currently has an average rating of “Moderate Buy” and an average target price of $11.00.

Check Out Our Latest Report on Coursera

Coursera Price Performance

The company’s fifty day simple moving average is $7.21 and its 200-day simple moving average is $9.31. The firm has a market capitalization of $984.26 million, a PE ratio of -20.43 and a beta of 1.37.

Coursera (NYSE:COURGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The firm had revenue of $196.90 million during the quarter, compared to analyst estimates of $191.83 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 8,078 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $8.17, for a total transaction of $65,997.26. Following the sale, the senior vice president owned 237,828 shares in the company, valued at approximately $1,943,054.76. The trade was a 3.28% 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. Insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Coursera

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after acquiring an additional 1,852 shares during the period. Quarry LP raised its holdings 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 purchasing an additional 3,465 shares during the last quarter. Daiwa Securities Group Inc. raised 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 worth $64,000 after purchasing an additional 4,550 shares during the last quarter. Savant Capital LLC acquired a new position in Coursera during the second quarter valued at $94,000. Finally, Oak Thistle LLC purchased a new stake in Coursera in the fourth quarter valued at $102,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Company Profile

(Get Free Report)

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

Further Reading

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