Divisadero Street Capital Management LP Acquires Shares of 32,641 Coursera, Inc. (NYSE:COUR)

Divisadero Street Capital Management LP bought a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,641 shares of the company's stock, valued at approximately $277,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. acquired a new position in shares of Coursera during the third quarter worth $1,651,000. Jump Financial LLC grew its stake in Coursera by 582.9% during the 4th quarter. Jump Financial LLC now owns 213,753 shares of the company's stock worth $1,817,000 after buying an additional 182,453 shares during the last quarter. Penn Capital Management Company LLC acquired a new position in Coursera during the 4th quarter valued at about $635,000. Sei Investments Co. raised its stake in Coursera by 340.9% in the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock valued at $2,322,000 after buying an additional 211,191 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Coursera in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Stock Performance

NYSE COUR traded up $0.03 on Monday, reaching $8.99. 599,778 shares of the company's stock traded hands, compared to its average volume of 2,301,983. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.74. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -17.34 and a beta of 1.38. The stock has a 50 day moving average price of $7.34 and a 200-day moving average price of $7.81.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The business had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 16.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COUR shares. UBS Group boosted their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Morgan Stanley boosted their target price on shares of Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Bank of America reaffirmed an "underperform" rating and issued a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. Royal Bank of Canada reiterated an "outperform" rating and set a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 target price on shares of Coursera in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9.31.

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.