Penn Capital Management Company LLC Buys Shares of 74,709 Coursera, Inc. (NYSE:COUR)

Penn Capital Management Company LLC purchased a new position in Coursera, Inc. (NYSE:COUR) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 74,709 shares of the company’s stock, valued at approximately $635,000.

A number of other institutional investors have also recently made changes to their positions in COUR. Vanguard Group Inc. grew its position in Coursera by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company’s stock worth $103,251,000 after acquiring an additional 440,948 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after purchasing an additional 199,050 shares in the last quarter. Norges Bank bought a new position in shares of Coursera during the 4th quarter valued at about $17,010,000. Senvest Management LLC raised its holdings in shares of Coursera by 89.0% during the 4th quarter. Senvest Management LLC now owns 1,214,798 shares of the company’s stock valued at $10,326,000 after buying an additional 571,992 shares in the last quarter. Finally, Barclays PLC lifted its position in Coursera by 25.0% in the 4th quarter. Barclays PLC now owns 1,202,335 shares of the company’s stock worth $10,220,000 after buying an additional 240,213 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Coursera Stock Up 1.1 %

Shares of Coursera stock opened at $7.68 on Friday. The business has a 50 day moving average of $7.21 and a 200 day moving average of $7.73. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $12.20. The company has a market cap of $1.24 billion, a PE ratio of -14.77 and a beta of 1.42.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. On average, research analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Bank of America reiterated an “underperform” rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 target price on shares of Coursera in a report on Monday, January 27th. JPMorgan Chase & Co. lowered their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group restated an “outperform” rating and set a $12.00 price target on shares of Coursera in a research report on Tuesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Coursera presently has an average rating of “Hold” and a consensus price target of $9.44.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.80% of the company’s stock.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.