Wellington Management Group LLP bought a new stake in Coursera, Inc. (NYSE:COUR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,585,983 shares of the company’s stock, valued at approximately $8,945,000.
Several other hedge funds also recently modified their holdings of COUR. Aster Capital Management DIFC Ltd bought a new stake in Coursera during the fourth quarter worth $25,000. Quarry LP lifted its stake in Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after acquiring an additional 3,465 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock valued at $36,000 after acquiring an additional 3,415 shares in the last quarter. Clearstead Trust LLC purchased a new position in Coursera during the 4th quarter worth $39,000. Finally, Optiver Holding B.V. bought a new stake in shares of Coursera in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.
Wall Street Analyst Weigh In
COUR has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Coursera in a research report on Thursday, July 30th. 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. KeyCorp reiterated an “overweight” rating on shares of Coursera in a research note on Wednesday, June 24th. Zacks Research downgraded shares of Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $7.00 price target on shares of Coursera in a research report on Wednesday, June 24th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.55.
Coursera Price Performance
Shares of NYSE:COUR opened at $5.57 on Wednesday. The firm has a fifty day moving average price of $5.80 and a two-hundred day moving average price of $5.80. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -8.31, a PEG ratio of 0.73 and a beta of 1.26. Coursera, Inc. has a one year low of $5.00 and a one year high of $12.32.
Coursera (NYSE:COUR – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm’s quarterly revenue was up 59.6% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. Equities research analysts expect that Coursera, Inc. will post 0.16 EPS for the current fiscal year.
Coursera declared that its board has initiated a share repurchase program on Monday, May 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 55.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In other Coursera news, SVP Alan Cardenas sold 9,139 shares of Coursera stock in a transaction that occurred on Monday, August 17th. The shares were 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 in the company, valued at $1,348,913.27. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.30% of the stock is owned by corporate 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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