Michele M. Meyers Sells 1,646 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) CAO Michele M. Meyers sold 1,646 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $19.62, for a total transaction of $32,294.52. Following the transaction, the chief accounting officer now owns 228,450 shares of the company’s stock, valued at $4,482,189. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Coursera Stock Performance

COUR opened at $19.18 on Friday. The company’s 50 day simple moving average is $18.30 and its 200 day simple moving average is $15.47. Coursera, Inc. has a 1 year low of $9.91 and a 1 year high of $20.05. The stock has a market capitalization of $2.93 billion, a PE ratio of -19.37 and a beta of 1.63.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, October 26th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. The firm had revenue of $165.54 million for the quarter, compared to analysts’ expectations of $158.32 million. Coursera had a negative net margin of 24.28% and a negative return on equity of 21.18%. As a group, sell-side analysts expect that Coursera, Inc. will post -0.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COUR has been the subject of several recent research reports. BMO Capital Markets initiated coverage on shares of Coursera in a report on Thursday, October 12th. They set an “outperform” rating and a $24.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of Coursera from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. UBS Group lifted their price target on shares of Coursera from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Truist Financial lifted their price target on shares of Coursera from $12.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, KeyCorp lifted their price target on shares of Coursera from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in Coursera by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 46,140 shares of the company’s stock valued at $546,000 after buying an additional 760 shares in the last quarter. Corton Capital Inc. lifted its position in Coursera by 8.2% during the first quarter. Corton Capital Inc. now owns 11,299 shares of the company’s stock valued at $130,000 after buying an additional 857 shares in the last quarter. Bailard Inc. lifted its position in Coursera by 1.0% during the third quarter. Bailard Inc. now owns 91,440 shares of the company’s stock valued at $1,709,000 after buying an additional 866 shares in the last quarter. Victory Capital Management Inc. lifted its position in Coursera by 9.4% during the third quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock valued at $224,000 after buying an additional 1,029 shares in the last quarter. Finally, FMR LLC lifted its position in Coursera by 187.5% during the second quarter. FMR LLC now owns 2,366 shares of the company’s stock valued at $34,000 after buying an additional 1,543 shares in the last quarter. 64.36% of the stock is owned by institutional investors and hedge funds.

Coursera Company Profile

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.