Coursera (NYSE:COUR) Shares Down 4.4% – Time to Sell?

Shares of Coursera, Inc. (NYSE:COUR) dropped 4.4% during mid-day trading on Friday . The company traded as low as $7.99 and last traded at $8.09. Approximately 229,799 shares were traded during trading, a decline of 85% from the average daily volume of 1,549,171 shares. The stock had previously closed at $8.46.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price objective on shares of Coursera in a report on Friday. JPMorgan Chase & Co. began coverage on shares of Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. KeyCorp cut their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price on shares of Coursera in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average target price of $10.27.

Coursera Stock Performance

The firm has a market cap of $1.24 billion, a P/E ratio of -15.36 and a beta of 1.44. The firm’s fifty day moving average is $8.46 and its 200 day moving average is $7.99.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the sale, the senior vice president now 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 this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Coursera

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. CWM LLC lifted its holdings in shares of Coursera by 82.3% during the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after acquiring an additional 3,217 shares during the period. Quarry LP boosted its position in shares of Coursera by 936.6% during the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after acquiring an additional 9,357 shares in the last quarter. KBC Group NV increased its stake in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after acquiring an additional 4,376 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Coursera during the third quarter valued at approximately $106,000. Institutional investors own 89.55% of the company’s stock.

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.