Great Lakes Advisors LLC purchased a new stake in Coursera, Inc. (NYSE:COUR – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 578,382 shares of the company’s stock, valued at approximately $3,262,000.
Several other institutional investors also recently modified their holdings of COUR. Aster Capital Management DIFC Ltd acquired a new stake in Coursera in the 4th quarter valued at about $25,000. Quarry LP increased its position in Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after buying an additional 3,465 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock valued at $36,000 after buying an additional 3,415 shares during the period. Clearstead Trust LLC bought a new stake in Coursera in the fourth quarter valued at approximately $39,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Coursera in the first quarter valued at approximately $31,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
COUR has been the subject of several research reports. The Goldman Sachs Group raised Coursera from a “sell” rating to a “neutral” rating and raised their price target for the company from $5.50 to $6.50 in a report on Monday, August 3rd. Zacks Research upgraded shares of Coursera from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Morgan Stanley set a $7.50 target price on shares of Coursera in a report on Friday, April 24th. Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.
Coursera Stock Performance
Shares of COUR stock opened at $5.85 on Friday. The stock has a market cap of $1.55 billion, a P/E ratio of -8.73, a price-to-earnings-growth ratio of 0.74 and a beta of 1.24. The stock has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $5.78. Coursera, Inc. has a 1 year low of $5.00 and a 1 year high of $12.32.
Coursera (NYSE:COUR – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The company had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. During the same period in the prior year, the firm posted $0.12 EPS. Coursera’s quarterly revenue was up 59.6% on a year-over-year basis. Analysts forecast that Coursera, Inc. will post 0.16 EPS for the current year.
Coursera declared that its Board of Directors has initiated a share repurchase plan on Monday, May 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 55.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the sale, the senior vice president directly owned 236,237 shares in the company, valued at $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 16.30% of the stock is owned by corporate insiders.
About Coursera
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.
Featured Stories
- Five stocks we like better than Coursera
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Want to see what other hedge funds are holding COUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coursera, Inc. (NYSE:COUR – Free Report).
Receive News & Ratings for Coursera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coursera and related companies with MarketBeat.com's FREE daily email newsletter.
