Investors Purchase High Volume of Call Options on Coursera (NYSE:COUR)

Coursera, Inc. (NYSE:COUR) saw unusually large options trading activity on Wednesday. Stock traders bought 6,382 call options on the stock. This represents an increase of approximately 324% compared to the average daily volume of 1,504 call options.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 9,710 shares of Coursera stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total value of $57,483.20. Following the sale, the senior vice president owned 217,876 shares of the company’s stock, valued at $1,289,825.92. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of COUR. Vanguard Group Inc. lifted its position in shares of Coursera by 2.6% in the third quarter. Vanguard Group Inc. now owns 13,921,600 shares of the company’s stock valued at $163,022,000 after acquiring an additional 357,264 shares in the last quarter. Norges Bank acquired a new position in Coursera in the 2nd quarter valued at about $15,435,000. Squarepoint Ops LLC acquired a new position in Coursera in the 2nd quarter valued at about $4,617,000. Quantedge Capital Pte Ltd purchased a new position in Coursera in the 2nd quarter valued at about $1,652,000. Finally, Jump Financial LLC boosted its stake in shares of Coursera by 67.4% during the 2nd quarter. Jump Financial LLC now owns 404,180 shares of the company’s stock worth $3,541,000 after purchasing an additional 162,667 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COUR has been the topic of several recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $8.00 target price on shares of Coursera in a research report on Friday, February 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Coursera in a report on Friday, February 6th. UBS Group reissued a “neutral” rating and issued a $7.00 target price on shares of Coursera in a report on Friday, February 6th. Royal Bank Of Canada lowered their price target on shares of Coursera from $11.00 to $8.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Finally, Wall Street Zen cut shares of Coursera from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.62.

Coursera Stock Down 5.1%

NYSE:COUR opened at $6.20 on Friday. Coursera has a 52-week low of $5.47 and a 52-week high of $13.56. The stock has a fifty day simple moving average of $6.47 and a 200-day simple moving average of $8.56. The company has a market capitalization of $1.04 billion, a PE ratio of -20.00 and a beta of 1.35.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $196.90 million for the quarter, compared to analysts’ expectations of $191.83 million. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. As a group, equities analysts anticipate that Coursera will post -0.28 earnings per share for the current year.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.