Coursera, Inc. (NYSE:COUR - Get Free Report) SVP Alan Cardenas sold 9,139 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the sale, the senior vice president owned 236,237 shares in the company, valued at approximately $1,348,913.27. The trade was a 3.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Coursera Stock Performance
Shares of COUR stock opened at $5.68 on Wednesday. Coursera, Inc. has a fifty-two week low of $5.00 and a fifty-two week high of $12.32. The stock has a 50 day simple moving average of $5.63 and a two-hundred day simple moving average of $5.79. The company has a market cap of $1.50 billion, a P/E ratio of -8.48, a PEG ratio of 0.73 and a beta of 1.24.
Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The company's quarterly revenue was up 59.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts predict that Coursera, Inc. will post 0.16 earnings per share for the current year.
Coursera declared that its Board of Directors has initiated a stock buyback program on Monday, May 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 55.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on COUR. JPMorgan Chase & Co. lowered their target price on Coursera from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Friday, April 24th. Wall Street Zen raised Coursera from a "hold" rating to a "buy" rating in a report on Sunday, August 2nd. Bank of America decreased their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, June 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price target on shares of Coursera in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $7.00 target price on shares of Coursera in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $8.55.
Get Our Latest Stock Analysis on Coursera
Institutional Investors Weigh In On Coursera
A number of hedge funds and other institutional investors have recently bought and sold shares of COUR. BlackRock Inc. bought a new position in shares of Coursera in the second quarter valued at approximately $116,245,000. Caledonia Private Investments Pty Ltd bought a new stake in Coursera during the 2nd quarter worth approximately $114,918,000. Vanguard Group Inc. lifted its stake in Coursera by 15.8% in the 4th quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company's stock worth $118,619,000 after purchasing an additional 2,195,148 shares in the last quarter. Pale Fire Capital SE purchased a new stake in Coursera in the 1st quarter worth approximately $61,178,000. Finally, Mak Capital One LLC bought a new position in Coursera in the 4th quarter valued at $27,610,000. Institutional investors own 89.55% of the company's stock.
Coursera Company Profile
(
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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