Coursera Inc (NYSE:COUR) shares traded 44.67% higher at $10.72 on Wall Street last session.
COUR stock price is now 45.80% away from the 50-day moving average and -25.49% away from the 200-day moving average. The market capitalization of the company currently stands at $1.67B.
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With the price target reduced from $25 to $18, Telsey Advisory Group maintained Outperform rating for Coursera Inc (NYSE: COUR). On January 19, 2024, Goldman Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $18 to quote $14, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Clark Amanda, Director sold 8,093 shares of the company’s stock on May 24 ’24. The stock was sold for $62,456 at an average price of $7.72. Upon completion of the transaction, the Director now directly owns 76,266 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24 ’24, Director SIMMONS SABRINA sold 8,093 shares of the business’s stock. A total of $62,447 was realized by selling the stock at an average price of $7.72. This leaves the insider owning 37,785 shares of the company worth $0.41 million. A total of 16.90% of the company’s stock is owned by insiders.
During the past 12 months, Coursera Inc has had a low of $6.35 and a high of $21.26. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.52, and a quick ratio of 2.67. The fifty day moving average price for COUR is $7.3902 and a two-hundred day moving average price translates $14.3477 for the stock.
The latest earnings results from Coursera Inc (NYSE: COUR) was released for 2024-06-30. The net profit margin was -14.35% and return on equity was -15.96% for COUR. The company reported revenue of $169.07 million for the quarter, compared to $147.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.51 percent.
