Coursera (NYSE:COUR) Sets New 12-Month Low – Here’s Why

Coursera, Inc. (NYSE:COUR) shares reached a new 52-week low on Friday . The stock traded as low as $6.09 and last traded at $6.16, with a volume of 2228 shares trading hands. The stock had previously closed at $6.34.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group boosted their price target on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Bank of America reiterated an “underperform” rating and issued a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Royal Bank of Canada restated an “outperform” rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Coursera in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.83.

Coursera Stock Down 1.8 %

The company has a market capitalization of $997.28 million, a PE ratio of -11.97 and a beta of 1.42. The firm’s 50 day simple moving average is $7.67 and its 200 day simple moving average is $7.83.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coursera

A number of large investors have recently bought and sold shares of COUR. State of Wyoming lifted its position in shares of Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after purchasing an additional 3,520 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Coursera in the 4th quarter worth about $35,000. FMR LLC lifted its holdings in Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares in the last quarter. KBC Group NV boosted its position in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after buying an additional 4,376 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Coursera in the 4th quarter worth about $86,000. Hedge funds and other institutional investors 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.