Key Points
- Coursera SVP Alan Cardenas sold 9,139 shares on May 18 for about $50,447, reducing his stake by 3.45%. After the sale, he still owned 255,934 shares valued at roughly $1.41 million.
- The company announced a new share repurchase program authorizing up to $500 million in buybacks, which could signal management believes the stock is undervalued.
- Coursera’s latest results were mixed: revenue rose 9.1% year over year to $195.7 million, but EPS of $0.07 missed estimates and the company continued to post negative margins. Analysts currently have a consensus rating of Hold with a $9.50 target price.
Coursera, Inc. (NYSE:COUR - Get Free Report) SVP Alan Cardenas sold 9,139 shares of the business's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction of $50,447.28. Following the completion of the sale, the senior vice president owned 255,934 shares in the company, valued at $1,412,755.68. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Coursera Price Performance
NYSE COUR opened at $5.39 on Wednesday. The company's 50 day simple moving average is $5.89 and its 200 day simple moving average is $6.73. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $13.56. The company has a market capitalization of $913.20 million, a P/E ratio of -14.19 and a beta of 1.30.
Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The business had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Coursera, Inc. will post -0.09 earnings per share for the current year.
Coursera announced that its board has approved a share repurchase program on Monday, May 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 55.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.
Hedge Funds Weigh In On Coursera
Institutional investors and hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of Coursera during the 4th quarter valued at $25,000. Quarry LP grew its holdings in shares of Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company's stock valued at $47,000 after acquiring an additional 3,465 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company's stock valued at $36,000 after acquiring an additional 3,415 shares in the last quarter. Clearstead Trust LLC purchased a new position in shares of Coursera during the 4th quarter valued at $39,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company's stock valued at $64,000 after acquiring an additional 4,550 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on COUR. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 target price on shares of Coursera in a report on Friday, April 24th. Royal Bank Of Canada cut their price target on shares of Coursera from $8.00 to $7.00 and set an "outperform" rating on the stock in a report on Friday, April 24th. Morgan Stanley set a $7.50 price objective on shares of Coursera in a research note on Friday, April 24th. The Goldman Sachs Group decreased their price objective on shares of Coursera from $9.00 to $6.00 and set a "sell" rating for the company in a research note on Saturday, February 7th. Finally, BMO Capital Markets decreased their price objective on shares of Coursera from $8.00 to $7.00 and set an "outperform" rating for the company in a research note on Monday, April 27th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.50.
Check Out Our Latest Report on COUR
About Coursera
(
Get Free Report)
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.
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