Coursera (NYSE:COUR) Stock Price Down 4.4% – What’s Next?

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

Wall Street Analyst Weigh In

COUR has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Coursera in a report on Friday. KeyCorp lowered their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Morgan Stanley cut their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Coursera in a research report on Monday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Coursera in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Coursera currently has a consensus rating of “Moderate Buy” and an average price target of $10.27.

Coursera Price Performance

The stock has a fifty day moving average price of $8.46 and a 200 day moving average price of $7.99. The stock has a market capitalization of $1.24 billion, a P/E ratio of -15.36 and a beta of 1.44.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 194,082 shares in the company, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in COUR. FMR LLC boosted its stake in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares during the period. CWM LLC raised its stake in Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after purchasing an additional 3,217 shares in the last quarter. Quarry LP grew its stake in Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after buying an additional 9,357 shares in the last quarter. KBC Group NV grew its stake in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after buying an additional 4,376 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Coursera in the 3rd quarter worth $106,000. Institutional investors 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.