Andrew Y. Ng Sells 50,000 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $12.09, for a total transaction of $604,500.00. Following the completion of the transaction, the director now owns 7,058,074 shares in the company, valued at $85,332,114.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Coursera Stock Up 0.6 %

Coursera stock traded up $0.07 during midday trading on Thursday, hitting $11.90. The company’s stock had a trading volume of 2,257,247 shares, compared to its average volume of 1,642,058. Coursera, Inc. has a 12 month low of $9.91 and a 12 month high of $21.26. The company has a market capitalization of $1.87 billion, a PE ratio of -15.45 and a beta of 1.48. The stock’s 50-day moving average price is $14.90 and its 200-day moving average price is $17.62.

Coursera (NYSE:COUR) last released its earnings results on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The business had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. As a group, equities analysts anticipate that Coursera, Inc. will post -0.47 EPS for the current year.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new position in shares of Coursera in the 2nd quarter worth $31,000. FMR LLC boosted its position in shares of Coursera by 187.5% in the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock valued at $34,000 after purchasing an additional 1,543 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Coursera in the 3rd quarter valued at $38,000. KBC Group NV purchased a new position in Coursera in the 4th quarter worth about $46,000. Finally, Point72 Middle East FZE acquired a new stake in Coursera during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group cut shares of Coursera from a “neutral” rating to a “sell” rating and cut their target price for the stock from $18.00 to $14.00 in a report on Friday, January 19th. William Blair reissued an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Telsey Advisory Group upped their price objective on Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $26.00 target price on shares of Coursera in a research report on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price target on shares of Coursera in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.10.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.