Coursera (NYSE:COUR) Shares Gap Up to $6.88

Coursera, Inc. (NYSE:COUR)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $6.88, but opened at $7.09. Coursera shares last traded at $7.28, with a volume of 325,903 shares trading hands.

Wall Street Analysts Forecast Growth

COUR has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. Cantor Fitzgerald dropped their target price on shares of Coursera from $26.00 to $21.00 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 research report on Wednesday, May 1st. BMO Capital Markets dropped their target price on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of Coursera in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Coursera has an average rating of “Moderate Buy” and an average price target of $16.85.

Coursera Trading Up 4.1 %

The stock has a market capitalization of $1.12 billion, a P/E ratio of -10.38 and a beta of 1.45. The stock’s fifty day moving average price is $8.35 and its two-hundred day moving average price is $13.83.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The firm had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. During the same period in the previous year, the business posted ($0.24) EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, analysts expect that Coursera, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Activity at Coursera

In related news, SVP Richard J. Jacquet sold 16,273 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total transaction of $152,966.20. Following the completion of the sale, the senior vice president now directly owns 249,456 shares in the company, valued at approximately $2,344,886.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Coursera news, SVP Richard J. Jacquet sold 16,273 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total transaction of $152,966.20. Following the transaction, the senior vice president now directly owns 249,456 shares of the company’s stock, valued at approximately $2,344,886.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $13.14, for a total transaction of $657,000.00. Following the transaction, the chief executive officer now directly owns 2,227,496 shares in the company, valued at $29,269,297.44. The disclosure for this sale can be found here. Insiders sold 239,072 shares of company stock worth $2,688,797 in the last three months. 16.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Coursera by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after buying an additional 254,108 shares during the period. Eventide Asset Management LLC grew its position in shares of Coursera by 6.6% in the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock worth $76,275,000 after buying an additional 243,894 shares during the period. Norges Bank purchased a new stake in shares of Coursera in the 4th quarter worth about $52,804,000. Goldman Sachs Group Inc. boosted its stake in Coursera by 38.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock worth $47,952,000 after purchasing an additional 690,931 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Coursera by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock worth $42,927,000 after purchasing an additional 328,030 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.