Coursera, Inc. (NYSE:COUR – Get Free Report) SVP Alan B. Cardenas sold 2,988 shares of Coursera stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $17.00, for a total transaction of $50,796.00. Following the transaction, the senior vice president now directly owns 195,845 shares in the company, valued at approximately $3,329,365. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Coursera Stock Performance
Shares of COUR opened at $17.00 on Wednesday. The company’s fifty day moving average is $14.44 and its 200 day moving average is $12.79. Coursera, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $17.07. The stock has a market capitalization of $2.54 billion, a PE ratio of -16.50 and a beta of 1.81.
Coursera (NYSE:COUR – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.06. Coursera had a negative net margin of 26.19% and a negative return on equity of 21.21%. The company had revenue of $153.70 million for the quarter, compared to analysts’ expectations of $145.71 million. As a group, research analysts forecast that Coursera, Inc. will post -0.76 earnings per share for the current year.
Institutional Investors Weigh In On Coursera
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on COUR. Truist Financial lifted their price target on shares of Coursera from $12.00 to $15.00 and gave the company a “hold” rating in a report on Friday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of Coursera in a report on Friday, July 28th. Cantor Fitzgerald upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $13.00 to $17.00 in a research report on Friday, July 28th. KeyCorp lifted their price objective on shares of Coursera from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $20.00 price objective on shares of Coursera in a research report on Friday, July 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.78.
View Our Latest Analysis on Coursera
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.
Read More
- Five stocks we like better than Coursera
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- 3 Inexpensive Mid Cap Tech Stocks With Good Growth Prospects
- Transportation Stocks Investing
- 3 Reasons the Dick’s Sporting Goods Selloff Is a Steal
- Investing in Construction Stocks
- Foot Locker Stock Takes a Big Hit…Is It a Retail Bargain?
Receive News & Ratings for Coursera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coursera and related companies with MarketBeat.com's FREE daily email newsletter.
