Coursera (NYSE:COUR) Shares Up 3.7%

Coursera, Inc. (NYSE:COURGet Free Report) shares rose 3.7% during mid-day trading on Thursday . The stock traded as high as $7.61 and last traded at $7.47. Approximately 2,882,584 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 1,976,998 shares. The stock had previously closed at $7.20.

Analysts Set New Price Targets

Several analysts recently weighed in on COUR shares. Morgan Stanley dropped their price objective on Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. The Goldman Sachs Group dropped their target price on shares of Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a report on Wednesday, May 1st. Royal Bank of Canada decreased their price target on shares of Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Truist Financial dropped their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, April 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Coursera in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.85.

Check Out Our Latest Stock Analysis on COUR

Coursera Stock Performance

The business’s fifty day moving average price is $10.24 and its 200 day moving average price is $15.28.

Coursera (NYSE:COURGet Free Report) last announced its earnings results on Monday, April 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The firm had revenue of $169.10 million for the quarter, compared to the consensus estimate of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS. Research analysts forecast that Coursera, Inc. will post -0.45 EPS for the current year.

Insider Activity at Coursera

In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $14.45, for a total value of $722,500.00. Following the transaction, the chief executive officer now owns 2,327,496 shares in the company, valued at approximately $33,632,317.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Amanda Clark sold 8,093 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the sale, the director now owns 76,266 shares in the company, valued at approximately $588,773.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $14.45, for a total value of $722,500.00. Following the completion of the sale, the chief executive officer now owns 2,327,496 shares of the company’s stock, valued at $33,632,317.20. The disclosure for this sale can be found here. Insiders have sold 401,952 shares of company stock worth $5,009,455 over the last ninety days. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of COUR. Daiwa Securities Group Inc. boosted its holdings in Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after acquiring an additional 580 shares during the last quarter. Victory Capital Management Inc. boosted its position in Coursera by 9.4% in the third quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after purchasing an additional 1,029 shares during the last quarter. QRG Capital Management Inc. grew its stake in Coursera by 6.0% in the 4th quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock valued at $404,000 after purchasing an additional 1,181 shares during the period. Aviva PLC increased its position in shares of Coursera by 7.5% during the 3rd quarter. Aviva PLC now owns 23,077 shares of the company’s stock valued at $431,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

About Coursera

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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.

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