Coursera, Inc. (NYSE:COUR) Director Amanda Clark Sells 1,562 Shares

Coursera, Inc. (NYSE:COUR) Director Amanda Clark sold 1,562 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $18.17, for a total value of $28,381.54. Following the completion of the transaction, the director now directly owns 70,376 shares in the company, valued at approximately $1,278,731.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coursera Price Performance

NYSE COUR opened at $18.17 on Friday. The stock has a market capitalization of $2.72 billion, a PE ratio of -17.64 and a beta of 1.76. The business has a 50 day simple moving average of $15.66 and a two-hundred day simple moving average of $13.16. Coursera, Inc. has a 1-year low of $9.81 and a 1-year high of $18.66.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, July 27th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.06. The firm had revenue of $153.70 million during the quarter, compared to analysts’ expectations of $145.71 million. Coursera had a negative return on equity of 21.21% and a negative net margin of 26.19%. On average, analysts anticipate that Coursera, Inc. will post -0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Coursera

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. boosted its holdings in shares of Coursera by 3.5% in the 1st quarter. Baillie Gifford & Co. now owns 18,742,509 shares of the company’s stock worth $215,914,000 after purchasing an additional 635,813 shares during the period. Norges Bank purchased a new position in Coursera during the 4th quarter valued at $137,598,000. Vanguard Group Inc. boosted its holdings in Coursera by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 9,235,391 shares of the company’s stock valued at $99,557,000 after acquiring an additional 241,179 shares during the period. BlackRock Inc. boosted its holdings in Coursera by 16.5% during the 2nd quarter. BlackRock Inc. now owns 8,027,863 shares of the company’s stock valued at $104,523,000 after acquiring an additional 1,134,436 shares during the period. Finally, State Street Corp boosted its holdings in Coursera by 10.1% during the 2nd quarter. State Street Corp now owns 2,308,393 shares of the company’s stock valued at $30,055,000 after acquiring an additional 212,683 shares during the period. Hedge funds and other institutional investors own 64.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Truist Financial lifted their target price on Coursera from $12.00 to $15.00 and gave the company a “hold” rating in a research note on Friday, July 28th. Cantor Fitzgerald raised Coursera from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $17.00 in a research note on Friday, July 28th. KeyCorp lifted their target price on Coursera from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Telsey Advisory Group reissued an “outperform” rating and set a $20.00 target price on shares of Coursera in a research note on Friday, July 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $19.00 target price on shares of Coursera in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus target price of $18.78.

About Coursera

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.