Coursera (NYSE:COUR) Shares Gap Down - What's Next?

Coursera, Inc. (NYSE:COUR - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $9.58, but opened at $9.03. Coursera shares last traded at $8.47, with a volume of 459,484 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on COUR. BMO Capital Markets dropped their price target on Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 price objective on shares of Coursera in a research report on Friday. The Goldman Sachs Group cut their target price on shares of Coursera from $9.00 to $7.25 and set a "sell" rating for the company in a research report on Friday, October 25th. Finally, KeyCorp lowered their price target on shares of Coursera from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.13.

Coursera Stock Up 1.4 %

The company has a market cap of $1.24 billion, a price-to-earnings ratio of -15.03 and a beta of 1.42. The business has a 50-day simple moving average of $8.47 and a two-hundred day simple moving average of $8.00.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 15.90% of the stock is owned by company insiders.

Institutional Trading of Coursera

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in Coursera by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company's stock worth $504,000 after acquiring an additional 1,276 shares during the period. Pitcairn Co. increased its stake in shares of Coursera by 16.9% in the third quarter. Pitcairn Co. now owns 13,655 shares of the company's stock worth $108,000 after purchasing an additional 1,971 shares during the period. Waterfront Wealth Inc. lifted its position in shares of Coursera by 1.7% during the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock worth $1,329,000 after purchasing an additional 2,543 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock valued at $360,000 after purchasing an additional 2,552 shares during the period. Finally, FMR LLC grew its holdings in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock valued at $52,000 after buying an additional 2,651 shares during 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.