Empowered Funds LLC Invests $3.32 Million in Coursera, Inc. $COUR

Empowered Funds LLC purchased a new position in shares of Coursera, Inc. (NYSE:COUR – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 588,317 shares of the company’s stock, valued at approximately $3,318,000.

Several other hedge funds also recently added to or reduced their stakes in COUR. Aster Capital Management DIFC Ltd purchased a new position in shares of Coursera during the fourth quarter valued at approximately $25,000. Quarry LP grew its stake in shares of Coursera by 619.9% during 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 last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after buying an additional 3,415 shares during the period. Clearstead Trust LLC purchased a new stake in shares of Coursera in the fourth quarter worth approximately $39,000. Finally, Optiver Holding B.V. bought a new stake in shares of Coursera during the 1st quarter worth approximately $31,000. 89.55% of the stock is currently owned by institutional investors.

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Coursera Stock Performance

Shares of NYSE:COUR opened at $6.18 on Wednesday. The firm’s 50 day simple moving average is $5.79 and its 200-day simple moving average is $5.80. Coursera, Inc. has a one year low of $5.00 and a one year high of $12.32. The firm has a market cap of $1.63 billion, a PE ratio of -9.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.26.

Coursera (NYSE:COUR – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. Coursera’s quarterly revenue was up 59.6% on a year-over-year basis. Equities research analysts predict that Coursera, Inc. will post 0.16 EPS for the current fiscal year.

Coursera declared that its Board of Directors has approved a stock repurchase plan on Monday, May 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 55.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COUR. Royal Bank Of Canada restated an “outperform” rating and set a $7.00 price objective on shares of Coursera in a report on Wednesday, June 24th. KeyCorp reiterated an “overweight” rating on shares of Coursera in a research note on Wednesday, June 24th. Bank of America decreased their target price on Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Weiss Ratings raised shares of Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. Finally, The Goldman Sachs Group upgraded shares of Coursera from a “sell” rating to a “neutral” rating and upped their price target for the stock from $5.50 to $6.50 in a report on Monday, August 3rd. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.55.

Check Out Our Latest Stock Report on COUR

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of Coursera stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.71, for a total transaction of $52,183.69. Following the completion of the sale, the senior vice president directly owned 236,237 shares of the company’s stock, valued at $1,348,913.27. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.30% of the stock is currently owned by company insiders.

About Coursera

(Free Report)

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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