Waterfront Wealth Inc. increased its holdings in shares of Coursera, Inc. (NYSE:COUR – Free Report) by 98.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 364,339 shares of the company’s stock after purchasing an additional 180,374 shares during the period. Waterfront Wealth Inc.’s holdings in Coursera were worth $2,120,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of Coursera in the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its position in Coursera by 224.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after acquiring an additional 3,415 shares during the period. Clearstead Trust LLC bought a new position in shares of Coursera during the fourth quarter worth approximately $39,000. Quarry LP boosted its stake in shares of Coursera by 619.9% in the third quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after buying an additional 3,465 shares during the period. Finally, Falcon Wealth Planning acquired a new stake in Coursera during the first quarter worth approximately $60,000. Institutional investors and hedge funds own 89.55% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Bank of America lowered their price objective on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Telsey Advisory Group reduced their target price on Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $7.00 price target on shares of Coursera in a research report on Wednesday, June 24th. BMO Capital Markets boosted their price target on Coursera from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Weiss Ratings cut shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.19.
Coursera Stock Down 1.1%
Shares of COUR stock opened at $5.68 on Friday. The business has a fifty day simple moving average of $5.57 and a 200 day simple moving average of $6.04. The company has a market cap of $961.63 million, a P/E ratio of -14.94, a P/E/G ratio of 1.89 and a beta of 1.23. Coursera, Inc. has a twelve month low of $5.00 and a twelve month high of $13.56.
Coursera (NYSE:COUR – Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million. Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. As a group, equities research analysts anticipate that Coursera, Inc. will post 0.07 earnings per share for the current fiscal year.
Coursera announced that its board has authorized a stock buyback program on Monday, May 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 55.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Insider Activity at Coursera
In related news, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.52, for a total transaction of $50,447.28. Following the completion of the transaction, the senior vice president directly owned 255,934 shares in the company, valued at $1,412,755.68. This represents a 3.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total transaction of $7,683,789.28. Following the completion of the transaction, the insider directly owned 419,784 shares of the company’s stock, valued at approximately $2,199,668.16. The trade was a 77.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,009,139 shares of company stock worth $10,643,180 over the last ninety days. 16.30% of the stock is currently owned by insiders.
Coursera Profile
Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.
The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.
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