Coursera (NYSE:COUR) Shares Gap Down – What’s Next?

Coursera, Inc. (NYSE:COUR) gapped down prior to trading on Thursday . The stock had previously closed at $7.27, but opened at $6.96. Coursera shares last traded at $7.00, with a volume of 179,520 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COUR shares. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Scotiabank began coverage on Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Coursera has an average rating of “Hold” and a consensus target price of $9.83.

Coursera Stock Down 1.9 %

The stock has a market cap of $1.09 billion, a P/E ratio of -13.07 and a beta of 1.40. The firm has a 50 day simple moving average of $7.86 and a 200-day simple moving average of $7.87.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Coursera in the fourth quarter valued at approximately $17,010,000. Two Sigma Investments LP acquired a new position in Coursera in the 4th quarter valued at $8,710,000. Ameriprise Financial Inc. increased its position in Coursera by 253.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company’s stock worth $12,107,000 after buying an additional 1,020,969 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Coursera during the fourth quarter worth $6,612,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Coursera by 61.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company’s stock valued at $13,082,000 after acquiring an additional 628,140 shares during the period. 89.55% of the stock is owned by institutional investors.

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.