Coursera (NYSE:COUR) Hits New 12-Month Low Following Analyst Downgrade

Coursera, Inc. (NYSE:COUR) shares reached a new 52-week low on Friday after Royal Bank of Canada lowered their price target on the stock from $18.00 to $10.00. Royal Bank of Canada currently has an outperform rating on the stock. Coursera traded as low as $5.99 and last traded at $5.99, with a volume of 577697 shares traded. The stock had previously closed at $7.62.

Several other equities analysts have also weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday. Needham & Company LLC decreased their target price on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Friday. Bank of America began coverage on shares of Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. BMO Capital Markets decreased their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Cantor Fitzgerald decreased their target price on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.66.

Insider Activity

In related news, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,068 shares of company stock valued at $324,787. Company insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

A number of large investors have recently modified their holdings of COUR. Assenagon Asset Management S.A. purchased a new stake in shares of Coursera in the 2nd quarter valued at approximately $9,525,000. Millennium Management LLC boosted its holdings in shares of Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after buying an additional 1,123,397 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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 buying an additional 1,014,316 shares in the last quarter. M&G Plc acquired a new position in shares of Coursera in the 2nd quarter valued at $5,048,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Coursera by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after buying an additional 536,890 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Trading Down 9.8 %

The firm’s fifty day moving average price is $7.83 and its 200-day moving average price is $8.34. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -10.07 and a beta of 1.42.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The business had revenue of $176.09 million during the quarter, compared to analysts’ expectations of $173.94 million. On average, sell-side analysts expect that Coursera, Inc. will post -0.44 earnings per share for the current year.

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.