Balyasny Asset Management L.P. Acquires New Holdings in Coursera, Inc. (NYSE:COUR)

Balyasny Asset Management L.P. bought a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 120,508 shares of the company's stock, valued at approximately $1,024,000. Balyasny Asset Management L.P. owned approximately 0.08% of Coursera as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coursera during the 4th quarter valued at about $35,000. KBC Group NV boosted its position in shares of Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after acquiring an additional 4,376 shares in the last quarter. Bank of Nova Scotia acquired a new stake in shares of Coursera during the 4th quarter valued at about $96,000. New York State Teachers Retirement System acquired a new stake in shares of Coursera during the 4th quarter valued at about $107,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Coursera during the 4th quarter valued at about $109,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Performance

Shares of NYSE COUR traded down $0.24 during trading on Monday, reaching $8.76. The company had a trading volume of 1,498,943 shares, compared to its average volume of 2,302,209. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The stock has a market cap of $1.41 billion, a PE ratio of -16.85 and a beta of 1.38. The business's 50 day moving average price is $7.54 and its 200-day moving average price is $7.89.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on COUR shares. JPMorgan Chase & Co. decreased their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Telsey Advisory Group restated an "outperform" rating and issued a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Morgan Stanley boosted their price target on shares of Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Royal Bank of Canada restated an "outperform" rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Finally, Bank of America restated an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Coursera currently has an average rating of "Hold" and a consensus price target of $9.31.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 16.80% of the stock is currently owned by insiders.

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.