Coursera (NYSE:COUR) Trading Down 3.7% – Time to Sell?

Coursera, Inc. (NYSE:COUR) traded down 3.7% on Friday . The stock traded as low as $7.90 and last traded at $7.90. 393,785 shares were traded during trading, a decline of 83% from the average session volume of 2,292,432 shares. The stock had previously closed at $8.20.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Cantor Fitzgerald dropped their price objective on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets decreased their price target on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. KeyCorp reduced their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, October 21st. Finally, Bank of America started coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.66.

Coursera Stock Down 3.0 %

The business’s fifty day moving average is $7.47 and its 200 day moving average is $7.63. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -15.59 and a beta of 1.44.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,885 shares of company stock worth $102,815 over the last ninety days. Company insiders own 16.30% of the company’s stock.

Institutional Trading of Coursera

A number of hedge funds have recently modified their holdings of COUR. CWM LLC boosted its stake in Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares during the period. FMR LLC boosted its stake in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the period. nVerses Capital LLC boosted its stake in Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares during the period. LGT Group Foundation bought a new stake in Coursera in the 2nd quarter valued at $73,000. Finally, Quarry LP boosted its stake in Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after purchasing an additional 9,357 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

About Coursera

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.