Andrew Y. Ng Sells 6,221 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Coursera Price Performance

NYSE:COUR opened at $8.12 on Monday. Coursera, Inc. has a one year low of $6.35 and a one year high of $21.26. The company has a market cap of $1.27 billion, a PE ratio of -11.77 and a beta of 1.42. The firm has a 50-day moving average of $8.04 and a 200-day moving average of $9.41.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $170.30 million during 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%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.20) EPS. On average, equities research analysts expect that Coursera, Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coursera

Several institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Coursera during the 2nd quarter valued at $2,545,000. Point72 Asset Management L.P. purchased a new stake in shares of Coursera in the second quarter valued at about $441,000. Quarry LP lifted its position in shares of Coursera by 936.6% during the second quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after purchasing an additional 9,357 shares in the last quarter. Algert Global LLC boosted its holdings in Coursera by 22.9% during the second quarter. Algert Global LLC now owns 404,114 shares of the company’s stock worth $2,893,000 after purchasing an additional 75,299 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Coursera in the 2nd quarter worth about $421,000. Institutional investors own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, July 22nd. KeyCorp cut their target price on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Bank of America initiated coverage on shares of Coursera in a research note on Thursday. They issued a “buy” rating and a $11.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.73.

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.