Coursera Inc. (NYSE: COUR) stock jumped 2.69% on Monday to $18.71 against a previous-day closing price of $18.22. With 1.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.26 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $19.00 whereas the lowest price it dropped to was $18.06. The 52-week range on COUR shows that it touched its highest point at $18.66 and its lowest point at $9.81 during that stretch. It currently has a 1-year price target of $18.44. Beta for the stock currently stands at 1.74.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COUR was up-trending over the past week, with a rise of 2.63%, but this was up by 20.48% over a month. Three-month performance surged to 43.26% while six-month performance rose 67.05%. The stock gained 57.36% in the past year, while it has gained 58.16% so far this year. A look at the trailing 12-month EPS for COUR yields -1.03 with Next year EPS estimates of 0.03. For the next quarter, that number is -0.07. This implies an EPS growth rate of 5.60% for this year and 127.30% for next year.
Float and Shares Shorts:
At present, 150.26 million COUR shares are outstanding with a float of 137.46 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.05 million, which was 3.38% higher than short shares on Jul 30, 2023. In addition to Dr. Andrew Y. Ng as the firm’s Co-Founder & Chairman, Mr. Jeffrey Nacey Maggioncalda serves as its CEO, Pres & Director.
Through their ownership of 78.36% of COUR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.68% of COUR, in contrast to 29.04% held by mutual funds. Shares owned by individuals account for 22.57%. As the largest shareholder in COUR with 12.06% of the stake, Baillie Gifford & Co. holds 18,053,679 shares worth 18,053,679. A second-largest stockholder of COUR, Norges Bank Investment Management, holds 11,631,308 shares, controlling over 7.77% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in COUR, holding 9,719,868 shares or 6.49% stake. With a 7.77% stake in COUR, the Government Pension Fund – Global is the largest stakeholder. A total of 11,631,308 shares are owned by the mutual fund manager. The Vanguard US Growth Fund, which owns about 3.56% of COUR stock, is the second-largest Mutual Fund holder. It holds 5,332,091 shares valued at 92.73 million. Baillie Gifford Investment Funds holds 2.95% of the stake in COUR, owning 4,421,000 shares worth 76.88 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, COUR reported revenue of $124.75M and operating income of -$47.84M. The EBITDA in the recently reported quarter was -$43.40M and diluted EPS was -$0.34.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COUR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With COUR analysts setting a high price target of $30.00 and a low target of $15.00, the average target price over the next 12 months is $18.75. Based on these targets, COUR could surge 60.34% to reach the target high and fall by -19.83% to reach the target low. Reaching the average price target will result in a growth of 0.21% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded COUR stock several times over the past three months with 25 Buys and 47 Sells. In these transactions, 678,899 shares were bought while 1,089,395 shares were sold. The number of buy transactions has increased to 74 while that of sell transactions has risen to 127 over the past year. The total number of shares bought during that period was 9,812,175 while 11,145,312 shares were sold.