Coursera Inc (NYSE: COUR) stock jumped 1.04% on Monday to $19.38 against a previous-day closing price of $19.18. With 0.97 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.43 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $19.55 whereas the lowest price it dropped to was $19.05. The 52-week range on COUR shows that it touched its highest point at $20.05 and its lowest point at $9.91 during that stretch. It currently has a 1-year price target of $22.31. Beta for the stock currently stands at 1.64.
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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 2.81%, but this was up by 8.63% over a month. Three-month performance surged to 18.17% while six-month performance rose 56.80%. The stock gained 39.63% in the past year, while it has gained 63.82% so far this year. A look at the trailing 12-month EPS for COUR yields -0.99 with Next year EPS estimates of 0.05. For the next quarter, that number is -0.00. This implies an EPS growth rate of 86.02% for this year and 190.18% for next year.
Float and Shares Shorts:
At present, 141.91 million COUR shares are outstanding with a float of 113.26 million shares on hand for trading. On Oct 30, 2023, short shares totaled 5.95 million, which was 3.90% higher than short shares on Sep 28, 2023. In addition to Dr. Andrew Y. Ng as the firm’s Co-Founder & Chairman, Mr. Jeffrey Nacey Maggioncalda serves as its CEO, President & Director.
Institutional Ownership:
Through their ownership of 78.36% of COUR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.64% of COUR, in contrast to 29.00% held by mutual funds. Shares owned by individuals account for 28.38%. As the largest shareholder in COUR with 17.25% of the stake, Baillie Gifford & Co. holds 25,827,187 shares worth 25,827,187. 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 10,274,248 shares or 6.86% 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 3.25% of COUR stock, is the second-largest Mutual Fund holder. It holds 4,859,454 shares valued at 84.26 million. Baillie Gifford Investment Funds holds 2.92% of the stake in COUR, owning 4,367,000 shares worth 75.72 million.
Analysts Ratings:
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 $17.00, the average target price over the next 12 months is $22.31. Based on these targets, COUR could surge 54.8% to reach the target high and fall by -12.28% to reach the target low. Reaching the average price target will result in a growth of 15.12% from current levels.
Summary of Insider Activity:
Insiders traded COUR stock several times over the past three months with 10 Buys and 14 Sells. In these transactions, 297,330 shares were bought while 316,503 shares were sold. The number of buy transactions has increased to 73 while that of sell transactions has risen to 125 over the past year. The total number of shares bought during that period was 4,035,765 while 11,106,964 shares were sold.
