Coursera (NYSE:COUR) Trading Down 4.4% - Time to Sell?

Coursera, Inc. (NYSE:COUR - Get Free Report) traded down 4.4% on Friday . The company traded as low as $7.99 and last traded at $8.09. 229,799 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,549,171 shares. The stock had previously closed at $8.46.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group boosted their price objective on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research report on Friday. Royal Bank of Canada reiterated an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research report on Friday. BMO Capital Markets reduced their price target on shares of Coursera from $10.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Scotiabank assumed coverage on Coursera in a research note on Thursday, December 5th. They set a "sector perform" rating and a $9.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.13.

Coursera Price Performance

The business has a fifty day moving average of $8.47 and a 200 day moving average of $8.01. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -15.26 and a beta of 1.42.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 6,102 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coursera

Several institutional investors have recently bought and sold shares of COUR. Bank of New York Mellon Corp grew its holdings in shares of Coursera by 9.5% in the fourth quarter. Bank of New York Mellon Corp now owns 436,861 shares of the company's stock valued at $3,713,000 after purchasing an additional 38,004 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Coursera by 21.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 46,589 shares of the company's stock worth $396,000 after acquiring an additional 8,160 shares during the period. Olympiad Research LP purchased a new stake in Coursera during the 4th quarter worth about $294,000. Waterfront Wealth Inc. boosted its stake in shares of Coursera by 1.7% in the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock valued at $1,329,000 after buying an additional 2,543 shares during the period. Finally, Ieq Capital LLC grew its position in shares of Coursera by 74.7% during the fourth quarter. Ieq Capital LLC now owns 68,790 shares of the company's stock worth $585,000 after buying an additional 29,412 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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.