Coursera (NYSE:COUR) Trading 6.7% Higher – Here’s What Happened

Coursera, Inc. (NYSE:COUR)’s share price was up 6.7% during trading on Monday . The company traded as high as $5.62 and last traded at $5.6350. Approximately 2,071,790 shares were traded during trading, a decline of 59% from the average daily volume of 5,018,664 shares. The stock had previously closed at $5.28.

Wall Street Analyst Weigh In

A number of equities analysts have commented on COUR shares. Wall Street Zen lowered Coursera from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets lowered their price objective on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday. Royal Bank Of Canada lowered their price objective on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their price objective on Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research note on Saturday, February 7th. Finally, KeyCorp lowered their price objective on Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Coursera currently has a consensus rating of “Hold” and an average target price of $9.50.

Coursera Stock Performance

The stock has a market capitalization of $970.99 million, a price-to-earnings ratio of -15.09 and a beta of 1.35. The company has a fifty day simple moving average of $6.03 and a 200 day simple moving average of $7.17.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, April 23rd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $195.70 million for the quarter, compared to analyst estimates of $195.17 million. Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. As a group, equities analysts predict that Coursera, Inc. will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 9,710 shares of Coursera stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total transaction of $57,483.20. Following the transaction, the senior vice president directly owned 217,876 shares of the company’s stock, valued at approximately $1,289,825.92. The trade was a 4.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in Coursera by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock worth $621,000 after purchasing an additional 1,027 shares in the last quarter. Merit Financial Group LLC increased its holdings in Coursera by 9.2% during the 3rd quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock worth $154,000 after purchasing an additional 1,112 shares in the last quarter. ProShare Advisors LLC increased its holdings in Coursera by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after purchasing an additional 2,439 shares in the last quarter. Diversified Trust Co. increased its holdings in Coursera by 19.0% during the 4th quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock worth $130,000 after purchasing an additional 2,824 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Coursera by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock worth $698,000 after purchasing an additional 2,847 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.