Key Points
- Alan Cardenas sold 8,078 shares of Coursera on Dec. 15 at an average price of $8.17, a transaction of about $65,997 that reduced his holding by 3.28% to 237,828 shares, as disclosed in an SEC filing.
- Coursera shares were trading around $7.86 (up 0.3%) with a market capitalization of roughly $1.31 billion, a 52‑week range of $5.76–$13.56, and a negative P/E of -26.74.
- Recent results showed an EPS beat ($0.10 vs. $0.09) and revenue of $194.2M (up 10.3% YoY), but the company still posts a negative net margin and analysts forecast -0.28 EPS for the year with a consensus price target of $12.64 and mixed ratings.
Coursera, Inc. (NYSE:COUR - Get Free Report) SVP Alan Cardenas sold 8,078 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $1,943,054.76. This trade represents a 3.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Coursera Trading Up 0.3%
Shares of Coursera stock traded up $0.02 during trading on Thursday, reaching $7.86. The stock had a trading volume of 2,885,882 shares, compared to its average volume of 2,440,595. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -26.74 and a beta of 1.37. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $13.56. The stock has a fifty day moving average price of $8.70 and a two-hundred day moving average price of $9.75.
Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $194.20 million for the quarter, compared to analyst estimates of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.Coursera's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. On average, equities analysts forecast that Coursera, Inc. will post -0.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of COUR. The Manufacturers Life Insurance Company grew its holdings in Coursera by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company's stock valued at $621,000 after buying an additional 1,027 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Coursera by 5.6% during the second quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company's stock worth $182,000 after buying an additional 1,110 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Coursera by 9.2% in the third quarter. Merit Financial Group LLC now owns 13,184 shares of the company's stock valued at $154,000 after acquiring an additional 1,112 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Coursera by 102.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company's stock valued at $32,000 after acquiring an additional 1,852 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Coursera by 2.8% during the first 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 during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
COUR has been the subject of several recent research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Coursera in a report on Wednesday, October 8th. Cantor Fitzgerald reissued an "overweight" rating on shares of Coursera in a research report on Wednesday, November 26th. Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of Coursera in a research note on Wednesday, November 26th. UBS Group lifted their target price on Coursera from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $13.00 target price on shares of Coursera in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.64.
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Coursera Company Profile
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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.
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