Coursera (NYSE:COUR) Hits New 52-Week Low - Time to Sell?

Coursera, Inc. (NYSE:COUR - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $6.09 and last traded at $6.16, with a volume of 2228 shares traded. The stock had previously closed at $6.34.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COUR shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 target price on shares of Coursera in a report on Friday, January 31st. UBS Group lifted their price objective on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and issued a $11.00 target price on shares of Coursera in a report on Monday, January 27th. Bank of America restated an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.75.

Coursera Trading Up 9.2 %

The business has a 50 day moving average price of $7.46 and a 200-day moving average price of $7.79. The firm has a market capitalization of $1.08 billion, a PE ratio of -13.13 and a beta of 1.42.

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Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock worth $23,214,000 after purchasing an additional 199,050 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Coursera during the 3rd quarter worth $1,651,000. SBI Securities Co. Ltd. acquired a new position in shares of Coursera during the 4th quarter worth $35,000. Sei Investments Co. boosted its position in shares of Coursera by 340.9% in the 4th quarter. Sei Investments Co. now owns 273,147 shares of the company's stock worth $2,322,000 after buying an additional 211,191 shares in the last quarter. Finally, Barclays PLC grew its stake in Coursera by 24.4% in the 3rd quarter. Barclays PLC now owns 962,122 shares of the company's stock valued at $7,640,000 after acquiring an additional 188,911 shares during the last quarter. Hedge funds and other 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.