Divisadero Street Capital Management LP bought a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,641 shares of the company's stock, valued at approximately $277,000.
Other hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Coursera by 24.4% during the 3rd quarter. Barclays PLC now owns 962,122 shares of the company's stock worth $7,640,000 after acquiring an additional 188,911 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Coursera in the third quarter worth $1,651,000. Diversified Trust Co bought a new stake in shares of Coursera during the fourth quarter worth $131,000. SG Americas Securities LLC boosted its stake in shares of Coursera by 66.1% during the fourth quarter. SG Americas Securities LLC now owns 87,209 shares of the company's stock valued at $741,000 after purchasing an additional 34,701 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Coursera by 15.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company's stock worth $1,036,000 after purchasing an additional 16,724 shares during the last quarter. Institutional investors own 89.55% of the company's stock.
Insider Transactions at Coursera
In related news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 16.80% of the company's stock.
Coursera Stock Performance
Shares of Coursera stock opened at $8.69 on Wednesday. Coursera, Inc. has a one year low of $5.76 and a one year high of $11.74. The company has a market capitalization of $1.40 billion, a PE ratio of -16.71 and a beta of 1.38. The company has a 50-day simple moving average of $7.27 and a two-hundred day simple moving average of $7.78.
Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The firm had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. During the same quarter in the previous year, the business posted $0.07 EPS. Coursera's revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on COUR shares. JPMorgan Chase & Co. decreased their price objective on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. UBS Group boosted their price target on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Morgan Stanley increased their price objective on Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Bank of America reaffirmed an "underperform" rating and set a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Coursera has an average rating of "Hold" and a consensus price target of $9.31.
Check Out Our Latest Analysis on Coursera
About Coursera
(
Free Report)
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.
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