Coursera, Inc. (NYSE:COUR) Director Sells $49,954.63 in Stock

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Coursera Stock Down 3.3 %

NYSE:COUR opened at $8.12 on Monday. Coursera, Inc. has a twelve month low of $6.35 and a twelve month high of $21.26. The stock’s 50-day simple moving average is $8.04 and its 200 day simple moving average is $9.41. The firm has a market capitalization of $1.27 billion, a PE ratio of -11.77 and a beta of 1.42.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $170.30 million for the quarter, compared to the consensus estimate of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. Coursera’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS. On average, analysts anticipate that Coursera, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research note on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Coursera in a research report on Friday, July 26th. Bank of America assumed coverage on Coursera in a research report on Thursday. They set a “buy” rating and a $11.00 price target on the stock. Cantor Fitzgerald raised Coursera to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.73.

Hedge Funds Weigh In On Coursera

A number of hedge funds have recently modified their holdings of COUR. Norges Bank bought a new position in Coursera during the 4th quarter worth $52,804,000. Assenagon Asset Management S.A. acquired a new stake in shares of Coursera in the second quarter valued at about $9,525,000. Millennium Management LLC raised its position in shares of Coursera by 67.0% during the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after acquiring an additional 1,123,397 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Coursera by 164.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after acquiring an additional 1,098,701 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after acquiring an additional 1,014,316 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.