Coursera (NYSE:COUR) Shares Gap Up to $7.65

Coursera, Inc. (NYSE:COUR) gapped up before the market opened on Thursday . The stock had previously closed at $7.65, but opened at $8.30. Coursera shares last traded at $8.20, with a volume of 297,310 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COUR. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 target price on shares of Coursera in a research report on Monday, July 22nd. Bank of America initiated coverage on shares of Coursera in a research note on Thursday. They set a “buy” rating and a $11.00 price objective for the company. The Goldman Sachs Group lowered their price objective on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research report 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 note on Friday, July 26th. Finally, KeyCorp decreased their price objective on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.73.

Coursera Stock Down 3.3 %

The stock’s 50-day simple moving average is $8.04 and its 200 day simple moving average is $9.45. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -11.77 and a beta of 1.42.

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

Insider Activity

In other news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Andrew Y. Ng sold 6,221 shares of the 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 sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Alan B. Cardenas sold 6,285 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the transaction, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The disclosure for this sale can be found here. In the last three months, insiders sold 39,068 shares of company stock valued at $324,787. Insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently modified their holdings of COUR. CWM LLC lifted its position in Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares during the last quarter. Natixis acquired a new position in Coursera in the 1st quarter valued at approximately $35,000. Covestor Ltd lifted its position in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after acquiring an additional 1,846 shares during the last quarter. nVerses Capital LLC grew its holdings in Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares during the last quarter. Finally, LGT Group Foundation bought a new position in shares of Coursera during the 2nd quarter worth about $73,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.