Coursera, Inc. (NYSE:COUR) CAO Michele M. Meyers Sells 2,880 Shares

Coursera, Inc. (NYSE:COUR) CAO Michele M. Meyers sold 2,880 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $12.00, for a total transaction of $34,560.00. Following the sale, the chief accounting officer now 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 accessible through this hyperlink.

Coursera Stock Performance

NYSE COUR opened at $12.24 on Tuesday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -15.90 and a beta of 1.48. Coursera, Inc. has a one year low of $9.91 and a one year high of $21.26. The company’s 50 day moving average price is $14.56 and its 200 day moving average price is $17.49.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. The company had revenue of $168.88 million during the quarter, compared to analyst estimates of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. Sell-side analysts forecast that Coursera, Inc. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COUR has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday. The Goldman Sachs Group lowered Coursera from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $18.00 to $14.00 in a research note on Friday, January 19th. Telsey Advisory Group upped their price objective on shares of Coursera from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. KeyCorp raised their target price on shares of Coursera from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 price target on shares of Coursera in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average target price of $22.10.

Institutional Investors Weigh In On Coursera

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Coursera by 5.7% during the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after purchasing an additional 570,177 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Coursera by 41.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after purchasing an additional 22,353 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Coursera during the 3rd quarter worth $585,000. FMR LLC lifted its holdings in Coursera by 4,271.1% in the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after buying an additional 135,096 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Coursera by 1,167.6% in the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock valued at $3,643,000 after buying an additional 179,537 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

About Coursera

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.