Coursera Inc (NYSE:COUR) shares traded -9.71% lower at $6.88 on Wall Street last session.
COUR stock price is now -11.83% away from the 50-day moving average and -35.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
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With the price target reduced from $18 to $15, Telsey Advisory Group maintained Outperform rating for Coursera Inc (NYSE: COUR). On September 19, 2024, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $11, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, Ng Andrew Y., Director sold 6,221 shares of the company’s stock on Sep 18 ’24. The stock was sold for $49,964 at an average price of $8.03. Upon completion of the transaction, the Director now directly owns 7,297,671 shares in the company, valued at $50.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18 ’24, Director Ng Andrew Y. bought 6,221 shares of the business’s stock. A total of $49,830 was incurred on buying the stock at an average price of $8.01. A total of 16.78% 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 0.01, a current ratio of 2.53, and a quick ratio of 2.52. The fifty day moving average price for COUR is $7.8034 and a two-hundred day moving average price translates $10.74595 for the stock.
The latest earnings results from Coursera Inc (NYSE: COUR) was released for 2024-09-30. The net profit margin was -11.44% and return on equity was -12.97% for COUR. The company reported revenue of $170.34 million for the quarter, compared to $153.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.82 percent.
