Coursera (NYSE:COUR) Reaches New 52-Week Low – Should You Sell?

Coursera, Inc. (NYSE:COUR) reached a new 52-week low on Monday . The stock traded as low as $4.98 and last traded at $5.0550, with a volume of 433549 shares changing hands. The stock had previously closed at $5.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on COUR shares. Zacks Research cut Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $7.00 price target on shares of Coursera in a research note on Wednesday, June 24th. Weiss Ratings cut Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 14th. The Goldman Sachs Group raised Coursera from a “sell” rating to a “neutral” rating and upped their price objective for the company from $5.50 to $6.50 in a research note on Monday, August 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.55.

Coursera Stock Performance

The company has a fifty day simple moving average of $5.70 and a 200 day simple moving average of $5.73. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -7.69, a P/E/G ratio of 0.63 and a beta of 1.26.

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

Insiders Place Their Bets

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the sale, the senior vice president owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

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

Coursera Company Profile

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.