Coursera (NYSE:COUR) Shares Gap Up to $6.88

Shares of Coursera, Inc. (NYSE:COUR) gapped up prior to trading on Friday . The stock had previously closed at $6.88, but opened at $7.09. Coursera shares last traded at $7.28, with a volume of 325,903 shares.

Wall Street Analyst Weigh In

COUR has been the subject of a number of recent research reports. Truist Financial dropped their price objective on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, April 30th. KeyCorp cut their target price on Coursera from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research note on Thursday, April 25th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Coursera in a research note on Friday, May 17th. Finally, The Goldman Sachs Group cut their price objective on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and an average target price of $16.85.

Coursera Stock Performance

The firm has a fifty day moving average price of $8.45 and a 200 day moving average price of $13.98.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $169.10 million for the quarter, compared to the consensus estimate of $170.43 million. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.24) EPS. On average, research analysts expect that Coursera, Inc. will post -0.45 EPS for the current fiscal year.

Insider Activity

In other news, SVP Richard J. Jacquet sold 16,273 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $9.40, for a total transaction of $152,966.20. Following the completion of the sale, the senior vice president now owns 249,456 shares in the company, valued at $2,344,886.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $13.14, for a total transaction of $657,000.00. Following the transaction, the chief executive officer now owns 2,227,496 shares in the company, valued at approximately $29,269,297.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard J. Jacquet sold 16,273 shares of Coursera stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total value of $152,966.20. Following the completion of the sale, the senior vice president now directly owns 249,456 shares in the company, valued at approximately $2,344,886.40. The disclosure for this sale can be found here. Insiders have sold 239,072 shares of company stock valued at $2,688,797 over the last three months. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Coursera

Several large investors have recently made changes to their positions in COUR. Natixis acquired a new position in Coursera during the first quarter worth $35,000. DekaBank Deutsche Girozentrale bought a new position in shares of Coursera in the 3rd quarter valued at about $38,000. Covestor Ltd increased its stake in shares of Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after purchasing an additional 1,846 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares during the period. Finally, MQS Management LLC bought a new stake in shares of Coursera in the 1st quarter valued at about $162,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Company Profile

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.