As of Wednesday, Coursera Inc.’s (NYSE:COUR) stock closed at $13.65, up from $13.63 the previous day. While Coursera Inc. has overperformed by 0.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, COUR fell by -61.74%, with highs and lows ranging from $43.78 to $10.71, whereas the simple moving average fell by -37.24% in the last 200 days.
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On July 29, 2022, UBS Downgraded Coursera Inc. (NYSE: COUR) to Neutral. A report published by Stifel on July 28, 2022, Downgraded its rating to ‘Hold’ for COUR. Goldman July 28, 2022d the rating to Neutral on July 28, 2022, and set its price target from $23 to $14. Cantor Fitzgerald initiated its ‘Overweight’ rating for COUR, as published in its report on March 30, 2022. Goldman’s report from January 07, 2022 suggests a price prediction of $32 for COUR shares, giving the stock a ‘Buy’ rating. Raymond James also rated the stock as ‘Outperform’.
Analysis of Coursera Inc. (COUR)
Further, the quarter-over-quarter increase in sales is 36.20%, showing a positive trend in the upcoming months.
One of the most important indicators of Coursera Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -19.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and COUR is recording 1.17M average volume. On a monthly basis, the volatility of the stock is set at 6.03%, whereas on a weekly basis, it is put at 11.26%, with a loss of -16.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.07, showing growth from the present price of $13.65, which can serve as yet another indication of whether COUR is worth investing in or should be passed over.
How Do You Analyze Coursera Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in COUR shares?
The recent increase in stakes in COUR appears to be a result of several institutional investors and hedge funds increasing their positions. Baillie Gifford & Co.’s position in COUR has increased by 0.93% in the first quarter. The company now owns 17,421,380 shares of the stock, with a value of $247.04 million, following the purchase of 160,783 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in COUR during the first quarter, upping its stake by 1.09%. During the last quarter, the company picked up 95,940 additional shares for a total stake of worth $126.47 million, bringing number of shares owned by the company to 8,918,849.
During the first quarter, Norges Bank Investment Management added a 6,168,938 position in COUR. Capital Research & Management Co sold an additional 0.0 shares in the last quarter, decreasing its holdings by 0.00%, now holding 7.25 million shares worth $102.85 million. At the end of the first quarter, BlackRock Fund Advisors decreased its COUR holdings by -0.32% and now holds 4.5 million COUR shares valued at $63.87 million with the lessened 14519.0 shares during the period. COUR shares are owned by institutional investors to the tune of 76.80% at present.