Coursera (NYSE:COUR) Trading Down 3.7% - What's Next?

Coursera, Inc. (NYSE:COUR - Get Free Report) was down 3.7% during mid-day trading on Friday . The stock traded as low as $7.90 and last traded at $7.90. Approximately 393,785 shares were traded during trading, a decline of 83% from the average daily volume of 2,292,432 shares. The stock had previously closed at $8.20.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley reduced their price target on Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, October 25th. 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 research report on Friday, October 25th. KeyCorp reduced their price objective on shares of Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group lowered their target price on shares of Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research report on Friday, October 25th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $10.66.

Coursera Trading Down 3.0 %

The business has a 50 day simple moving average of $7.47 and a 200-day simple moving average of $7.62. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -15.59 and a beta of 1.44.

Insider Activity at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 6,102 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,885 shares of company stock worth $102,815. Corporate insiders own 16.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COUR. CWM LLC grew its position in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company's stock worth $28,000 after acquiring an additional 3,860 shares in the last quarter. FMR LLC boosted its holdings in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after purchasing an additional 2,651 shares during the period. nVerses Capital LLC increased its stake in Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock valued at $62,000 after purchasing an additional 1,800 shares during the last quarter. LGT Group Foundation bought a new stake in Coursera during the second quarter valued at $73,000. Finally, Quarry LP raised its holdings in shares of Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company's stock worth $74,000 after purchasing an additional 9,357 shares during the period. 89.55% of the stock is currently 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.