Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng Sells 6,221 Shares

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Coursera Stock Down 3.3 %

NYSE COUR traded down $0.28 on Friday, reaching $8.12. The company had a trading volume of 2,613,305 shares, compared to its average volume of 2,230,072. Coursera, Inc. has a 52 week low of $6.35 and a 52 week high of $21.26. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -11.77 and a beta of 1.42. The stock’s 50 day moving average is $8.04 and its 200-day moving average is $9.45.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The company had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. During the same period in the prior year, the business posted ($0.20) EPS. Coursera’s revenue was up 10.8% on a year-over-year basis. As a group, analysts forecast that Coursera, Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COUR shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Coursera in a report on Monday, July 22nd. Cantor Fitzgerald raised shares of Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $18.00 price target on shares of Coursera in a report on Friday, July 26th. KeyCorp reduced their price objective on Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, The Goldman Sachs Group lowered their target price on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.73.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Coursera during the 4th quarter worth approximately $52,804,000. Assenagon Asset Management S.A. bought a new stake in shares of Coursera during the second quarter worth $9,525,000. Millennium Management LLC raised its holdings in shares of Coursera by 67.0% during the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after acquiring an additional 1,123,397 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its position in Coursera by 164.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after acquiring an additional 1,098,701 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Coursera by 158.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after acquiring an additional 1,014,316 shares in the last quarter. 89.55% of the stock is owned by 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.