Coursera, Inc. (NYSE:COUR) Director Sabrina Simmons Sells 9,335 Shares

Coursera, Inc. (NYSE:COUR) Director Sabrina Simmons sold 9,335 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,160.80. Following the transaction, the director now owns 50,215 shares in the company, valued at $425,823.20. The trade was a 15.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Coursera Stock Down 1.0%

Shares of Coursera stock opened at $8.47 on Friday. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The business has a 50 day moving average price of $7.67 and a 200-day moving average price of $7.93. The company has a market cap of $1.37 billion, a PE ratio of -16.28 and a beta of 1.38.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The business had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same period in the prior year, the firm posted $0.07 EPS. Coursera’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

COUR has been the subject of several research analyst reports. UBS Group lifted their price target on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley boosted their target price on Coursera from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Bank of America reaffirmed an “underperform” rating and set a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their price objective on Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.31.

Institutional Trading of Coursera

Several institutional investors have recently made changes to their positions in COUR. Quarry LP lifted its position in shares of Coursera by 1,848.6% during the first quarter. Quarry LP now owns 4,131 shares of the company’s stock valued at $28,000 after purchasing an additional 3,919 shares in the last quarter. State of Wyoming increased its stake in Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock valued at $33,000 after buying an additional 3,520 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Coursera during the 4th quarter worth approximately $35,000. Pale Fire Capital SE purchased a new position in shares of Coursera in the 1st quarter worth approximately $67,000. Finally, Xponance Inc. bought a new position in shares of Coursera in the first quarter valued at approximately $69,000. Institutional investors own 89.55% of the company’s stock.

Coursera Company Profile

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.