Coursera (NYSE:COUR) Stock Price Down 6.7% – What’s Next?

Coursera, Inc. (NYSE:COUR) shares were down 6.7% on Wednesday . The company traded as low as $5.32 and last traded at $5.3550. Approximately 1,735,604 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 5,138,586 shares. The stock had previously closed at $5.74.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on COUR shares. Weiss Ratings raised shares of Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reduced their price objective on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. BMO Capital Markets cut their target price on Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Morgan Stanley set a $7.50 target price on Coursera in a research note on Friday, April 24th. Finally, The Goldman Sachs Group cut their target price on Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a research note on Saturday, February 7th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.50.

Coursera Stock Down 6.2%

The stock has a market cap of $911.68 million, a price-to-earnings ratio of -14.17 and a beta of 1.30. The business’s fifty day moving average is $5.98 and its two-hundred day moving average is $6.87.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $195.70 million during the quarter, compared to analyst estimates of $195.17 million. Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. As a group, sell-side analysts expect that Coursera, Inc. will post -0.09 earnings per share for the current year.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 9,710 shares of Coursera stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total value of $57,483.20. Following the completion of the transaction, the senior vice president directly owned 217,876 shares in the company, valued at approximately $1,289,825.92. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 16.80% of the company’s stock.

Institutional Trading of Coursera

Large investors have recently made changes to their positions in the company. Swiss National Bank raised its holdings in Coursera by 3.0% in the first quarter. Swiss National Bank now owns 282,400 shares of the company’s stock valued at $1,644,000 after acquiring an additional 8,100 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Coursera by 273.9% in the first quarter. Principal Financial Group Inc. now owns 331,500 shares of the company’s stock worth $1,929,000 after acquiring an additional 242,850 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Coursera in the first quarter worth approximately $76,000. Waterfront Wealth Inc. lifted its stake in Coursera by 98.0% in the first quarter. Waterfront Wealth Inc. now owns 364,339 shares of the company’s stock worth $2,120,000 after acquiring an additional 180,374 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Coursera by 13.5% in the first quarter. Inspire Investing LLC now owns 87,187 shares of the company’s stock worth $507,000 after acquiring an additional 10,363 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Company Profile

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.