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

Coursera, Inc. (NYSE:COUR)’s stock price was down 3.7% during mid-day trading on Friday . The stock traded as low as $7.90 and last traded at $7.90. Approximately 393,785 shares traded hands during trading, a decline of 83% from the average daily volume of 2,292,432 shares. The stock had previously closed at $8.20.

Analysts Set New Price Targets

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

Coursera Stock Performance

The stock has a market cap of $1.26 billion, a PE ratio of -15.59 and a beta of 1.44. The stock has a fifty day moving average price of $7.47 and a 200 day moving average price of $7.62.

Insiders Place Their Bets

In other news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the business’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 transaction, the senior vice president now owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock valued at $102,815 over the last three months. 16.30% of the stock is owned by company insiders.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after buying an additional 3,860 shares during the period. FMR LLC increased its position in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after acquiring an additional 2,651 shares during the period. nVerses Capital LLC raised its stake in shares of Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after acquiring an additional 1,800 shares in the last quarter. LGT Group Foundation purchased a new stake in shares of Coursera in the second quarter valued at approximately $73,000. Finally, Quarry LP increased its holdings in Coursera by 936.6% during the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after purchasing an additional 9,357 shares during the period. 89.55% of the stock is currently owned by institutional investors.

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.