Coursera (NYSE:COUR) Reaches New 52-Week High at $17.23

Posted by Defense World Staff on Sep 1st, 2023

Coursera, Inc. (NYSE:COUR – Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $17.23 and last traded at $17.19, with a volume of 94650 shares changing hands. The stock had previously closed at $17.00.

Analyst Ratings Changes

A number of research analysts have weighed in on COUR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price target on shares of Coursera in a research note on Friday, July 28th. KeyCorp boosted their target price on shares of Coursera from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Telsey Advisory Group restated an “outperform” rating and set a $20.00 target price on shares of Coursera in a report on Friday, July 28th. Truist Financial boosted their target price 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, Cantor Fitzgerald upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $13.00 to $17.00 in a report on Friday, July 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.78.

Read Our Latest Report on Coursera

Coursera Trading Up 1.4 %

The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -16.90 and a beta of 1.81. The business’s 50-day simple moving average is $14.61 and its two-hundred day simple moving average is $12.85.

Coursera (NYSE:COUR – Get Free Report) last released its earnings results on Thursday, July 27th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.06. The business had revenue of $153.70 million during the quarter, compared to the consensus estimate of $145.71 million. Coursera had a negative net margin of 26.19% and a negative return on equity of 21.21%. On average, analysts forecast that Coursera, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 2,807 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $17.00, for a total transaction of $47,719.00. Following the completion of the sale, the senior vice president now owns 193,038 shares of the company’s stock, valued at approximately $3,281,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Alan B. Cardenas sold 4,255 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $15.20, for a total transaction of $64,676.00. Following the completion of the sale, the senior vice president now owns 210,449 shares of the company’s stock, valued at approximately $3,198,824.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 2,807 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $17.00, for a total transaction of $47,719.00. Following the sale, the senior vice president now directly owns 193,038 shares of the company’s stock, valued at approximately $3,281,646. The disclosure for this sale can be found here. In the last 90 days, insiders sold 793,966 shares of company stock valued at $11,430,661. 16.30% of the stock is currently owned by company insiders.

Institutional Trading of Coursera

Large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new stake in shares of Coursera during the 2nd quarter worth approximately $31,000. FMR LLC grew its position in shares of Coursera by 187.5% during the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after buying an additional 1,543 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Coursera by 277.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,740 shares of the company’s stock worth $43,000 after buying an additional 2,750 shares during the period. Point72 Middle East FZE bought a new position in shares of Coursera in the 4th quarter worth $46,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Coursera by 108.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,810 shares of the company’s stock worth $63,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Coursera Company Profile

(Get Free Report)

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.