Coursera (NYSE:COUR) Reaches New 1-Year Low on Analyst Downgrade

Coursera, Inc. (NYSE:COUR - Get Free Report) shares 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 traded. The stock had previously closed at $7.62.

Other research analysts have also recently issued research reports about the company. Needham & Company LLC decreased their target price on Coursera from $15.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday. KeyCorp reduced their price target on Coursera from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Friday. Cantor Fitzgerald cut their price objective on Coursera from $22.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday. Finally, The Goldman Sachs Group cut their price objective on Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Coursera has a consensus rating of "Moderate Buy" and a consensus price target of $11.66.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the completion of the transaction, the senior vice president now owns 207,434 shares in the company, valued at $1,715,479.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Andrew Y. Ng sold 25,000 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the transaction, the director now owns 7,203,892 shares of the company's stock, valued at $60,512,692.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,285 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in Coursera by 7,568.6% during the 2nd quarter. CWM LLC now owns 3,911 shares of the company's stock worth $28,000 after purchasing an additional 3,860 shares in the last quarter. Natixis purchased a new stake in Coursera during the 1st quarter worth about $35,000. Covestor Ltd lifted its holdings in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company's stock worth $61,000 after purchasing an additional 1,846 shares in the last quarter. nVerses Capital LLC lifted its holdings in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation purchased a new stake in Coursera during the 2nd quarter worth about $73,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Trading Down 9.8 %

The business has a fifty day moving average of $7.83 and a 200-day moving average of $8.34. The firm has a market cap of $1.07 billion, a PE ratio of -10.07 and a beta of 1.42.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business had revenue of $176.09 million for the quarter, compared to analysts' expectations of $173.94 million. On average, equities analysts forecast that Coursera, Inc. will post -0.44 EPS for the current year.

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.