Yahoo Finance Why Coursera (COUR) Shares Are Falling Today
What Happened:
Shares of online learning platform Coursera (NYSE:COUR) fell 9.7% in the morning session as the stock pulled back, suggesting investors are likely taking profits following its impressive Q2'24 earnings results.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Coursera? Access our full analysis report here, it's free.
What is the market telling us:
Coursera's shares are not very volatile than the market average and over the last year have had only 9 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 3 days ago, when the stock gained 54.9% on the news that the company reported second-quarter earnings results. Coursera increased its number of users this quarter. Its revenue and adjusted EBITDA also outperformed Wall Street's estimates. Notably, sales across all major operating segments exceeded Wall Street's estimates, and the company surpassed two million enrollments for its generative AI courses. That the company maintained full-year guidance for revenue, and adjusted EBITDA means it's squarely on track. Overall, this quarter was solid.
Coursera is down 49.9% since the beginning of the year, and at $9.66 per share it is trading 54.1% below its 52-week high of $21.04 from December 2023. Investors who bought $1,000 worth of Coursera's shares at the IPO in March 2021 would now be looking at an investment worth $214.56.
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