Coursera (NYSE:COUR) Reaches New 12-Month Low on Analyst Downgrade

Coursera, Inc. (NYSE:COUR)’s stock price reached a new 52-week low during mid-day trading 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 changing hands. The stock had previously closed at $7.62.

Several other brokerages also recently issued reports on COUR. The Goldman Sachs Group reduced their price objective on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday. Needham & Company LLC reduced their price target on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday. Bank of America started coverage on Coursera in a report on Thursday, September 19th. They set a “buy” rating and a $11.00 price target on the stock. Cantor Fitzgerald reduced their price objective on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating for the company in a report on Friday. Finally, Morgan Stanley decreased their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.66.

Insider Transactions at Coursera

In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of Coursera 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Y. Ng sold 25,000 shares of the business’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 transaction, the director now directly owns 7,203,892 shares in the company, valued at $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. Insiders have sold a total of 39,068 shares of company stock valued at $324,787 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Coursera by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after acquiring an additional 536,890 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Coursera during the 1st quarter worth $2,355,000. Mutual of America Capital Management LLC raised its holdings in shares of Coursera by 84.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after purchasing an additional 104,236 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Coursera by 72.1% in the 1st quarter. GSA Capital Partners LLP now owns 127,368 shares of the company’s stock valued at $1,786,000 after purchasing an additional 53,362 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Coursera by 479.9% in the first quarter. Quantbot Technologies LP now owns 119,288 shares of the company’s stock worth $1,672,000 after purchasing an additional 98,718 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Stock Down 9.7 %

The company’s 50-day simple moving average is $7.80 and its 200 day simple moving average is $8.26. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -9.97 and a beta of 1.42.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. During the same quarter in the prior year, the business earned ($0.20) earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that Coursera, Inc. will post -0.44 earnings per share for the current fiscal year.

About Coursera

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.