Michele M. Meyers Sells 2,880 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) CAO Michele M. Meyers sold 2,880 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the sale, the chief accounting officer now directly owns 240,159 shares of the company’s stock, valued at $2,881,908. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Coursera Price Performance

Shares of COUR opened at $12.12 on Wednesday. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -15.73 and a beta of 1.48. Coursera, Inc. has a fifty-two week low of $9.91 and a fifty-two week high of $21.26. The business’s 50-day moving average is $14.47 and its 200-day moving average is $17.45.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The firm had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. Equities research analysts expect that Coursera, Inc. will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coursera

Hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in Coursera in the third quarter worth approximately $38,000. Daiwa Securities Group Inc. increased its holdings in Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after buying an additional 580 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Coursera in the third quarter worth approximately $115,000. Harvest Fund Management Co. Ltd acquired a new position in Coursera in the fourth quarter worth approximately $204,000. Finally, Moran Wealth Management LLC acquired a new position in Coursera in the fourth quarter worth approximately $208,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Friday, February 2nd. Telsey Advisory Group upped their price objective on shares of Coursera from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. KeyCorp upped their price objective on shares of Coursera from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Truist Financial upped their price objective on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC upped their target price on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.10.

About Coursera

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.