Coursera (NYSE:COUR) Shares Down 5.3% Following Analyst Downgrade

Coursera, Inc. (NYSE:COUR) traded down 5.3% on Friday after UBS Group lowered their price target on the stock from $11.00 to $9.00. UBS Group currently has a neutral rating on the stock. Coursera traded as low as $7.86 and last traded at $7.7020. 354,332 shares were traded during mid-day trading, a decline of 86% from the average session volume of 2,488,794 shares. The stock had previously closed at $8.13.

A number of other brokerages have also weighed in on COUR. Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 target price on shares of Coursera in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price objective on shares of Coursera in a research report on Wednesday, November 26th. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price for the company in a research report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $13.00 price objective on shares of Coursera in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.45.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 8,078 shares of Coursera stock in a transaction on Monday, December 15th. The stock was sold at an average price of $8.17, for a total value of $65,997.26. Following the transaction, the senior vice president owned 237,828 shares in the company, valued at approximately $1,943,054.76. This trade represents a 3.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michele M. Meyers sold 3,500 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $10.27, for a total value of $35,945.00. Following the sale, the chief accounting officer owned 234,295 shares of the company’s stock, valued at approximately $2,406,209.65. This represents a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coursera

Hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its position in Coursera by 341.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock worth $34,612,000 after acquiring an additional 2,286,395 shares during the last quarter. Norges Bank bought a new position in Coursera in the second quarter valued at about $15,435,000. Nuveen LLC acquired a new stake in shares of Coursera during the first quarter valued at about $7,764,000. Lazard Asset Management LLC grew its holdings in shares of Coursera by 84.2% during the third quarter. Lazard Asset Management LLC now owns 2,319,515 shares of the company’s stock worth $27,162,000 after purchasing an additional 1,060,288 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Coursera by 231.5% during the third quarter. Two Sigma Investments LP now owns 1,447,125 shares of the company’s stock worth $16,946,000 after purchasing an additional 1,010,592 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Down 7.2%

The company has a 50 day moving average price of $8.66 and a 200-day moving average price of $9.74. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -26.35 and a beta of 1.37.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, October 23rd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The business had revenue of $194.20 million for the quarter, compared to the consensus estimate of $190.33 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, analysts forecast that Coursera, Inc. will post -0.28 EPS for the current fiscal 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.