Key Points
- CEO Gregory Hart sold 10,308 Coursera shares at an average price of $5.11, generating $52,673.88. He retains 1,539,003 shares, with the sale reducing his ownership by 0.67%.
- Coursera shares opened at $5.03 and were down 1.1%, trading below both their 50-day ($5.60) and 200-day ($5.66) moving averages. The stock has a 12-month range of $4.53 to $11.14 and a market capitalization of approximately $1.33 billion.
- The company recently exceeded quarterly earnings and revenue expectations, reporting $0.17 EPS and $298.6 million in revenue, up 59.6% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $8.55, while institutional investors own 89.55% of the stock.
Coursera, Inc. (NYSE:COUR - Get Free Report) CEO Gregory Hart sold 10,308 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $5.11, for a total transaction of $52,673.88. Following the completion of the sale, the chief executive officer directly owned 1,539,003 shares in the company, valued at approximately $7,864,305.33. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Coursera Trading Down 1.1%
COUR stock opened at $5.03 on Friday. The firm has a 50 day moving average of $5.60 and a 200-day moving average of $5.66. The firm has a market capitalization of $1.33 billion, a P/E ratio of -7.50, a price-to-earnings-growth ratio of 0.64 and a beta of 1.24. Coursera, Inc. has a 12 month low of $4.53 and a 12 month high of $11.14.
Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.07. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The business had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the prior year, the firm posted $0.12 EPS. Coursera's revenue was up 59.6% on a year-over-year basis. Sell-side analysts predict that Coursera, Inc. will post 0.16 EPS for the current year.
Institutional Trading of Coursera
Several institutional investors and hedge funds have recently made changes to their positions in COUR. BlackRock Inc. bought a new stake in shares of Coursera during the 2nd quarter worth $116,245,000. Pale Fire Capital SE increased its stake in Coursera by 94.4% in the second quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company's stock valued at $115,242,000 after acquiring an additional 9,921,347 shares during the last quarter. Caledonia Private Investments Pty Ltd purchased a new stake in Coursera during the second quarter valued at about $114,918,000. Readystate Asset Management LP raised its position in Coursera by 259.2% during the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company's stock valued at $22,713,000 after purchasing an additional 2,906,101 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in Coursera during the second quarter valued at about $9,848,000. Hedge funds and other institutional investors own 89.55% of the company's stock.
Wall Street Analysts Forecast Growth
COUR has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $7.00 price target on shares of Coursera in a report on Wednesday, June 24th. Weiss Ratings upgraded Coursera from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a research report on Saturday, September 19th. BMO Capital Markets restated an "outperform" rating on shares of Coursera in a research note on Thursday, July 30th. Finally, Bank of America lowered their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, June 30th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Coursera presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.55.
Check Out Our Latest Stock Report on COUR
About Coursera
(
Get Free Report)
Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. Its offerings cover subjects including business, technology, data science, health, and the arts, and are delivered through a combination of on-demand and structured learning formats.
The company serves individual learners, businesses, universities, and government organizations. Coursera partners with universities and other educational institutions, as well as technology companies and industry organizations, to develop and distribute educational content.
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