Coursera (NYSE:COUR) Stock Price Down 6.6% – Should You Sell?

Coursera, Inc. (NYSE:COUR) shares traded down 6.6% on Tuesday . The stock traded as low as $6.88 and last traded at $6.8450. 1,651,079 shares were traded during mid-day trading, a decline of 41% from the average session volume of 2,793,698 shares. The stock had previously closed at $7.33.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $14.00 target price on shares of Coursera in a research note on Wednesday, December 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of Coursera in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.27.

Coursera Stock Down 10.6%

The firm has a 50 day moving average of $7.88 and a 200-day moving average of $9.61. The company has a market cap of $1.09 billion, a P/E ratio of -22.60 and a beta of 1.37.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. On average, research analysts predict that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other Coursera news, CAO Michele M. Meyers sold 3,500 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $10.27, for a total transaction of $35,945.00. Following the transaction, the chief accounting officer owned 234,295 shares of the company’s stock, valued at approximately $2,406,209.65. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 8,078 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $8.17, for a total transaction of $65,997.26. Following the completion of the sale, the senior vice president owned 237,828 shares of the company’s stock, valued at approximately $1,943,054.76. This represents a 3.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in shares of Coursera by 102.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after acquiring an additional 1,852 shares in the last quarter. Quarry LP grew its stake in Coursera by 619.9% in the third quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after purchasing an additional 3,465 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Coursera by 163.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after purchasing an additional 4,550 shares in the last quarter. Savant Capital LLC purchased a new stake in shares of Coursera during the second quarter valued at about $94,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Coursera in the 3rd quarter valued at about $104,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.