BNP Paribas Financial Markets Invests $6.61 Million in Coursera, Inc. (NYSE:COUR)

BNP Paribas Financial Markets acquired a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 777,833 shares of the company's stock, valued at approximately $6,612,000. BNP Paribas Financial Markets owned approximately 0.49% of Coursera at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in Coursera in the third quarter valued at approximately $1,651,000. Jump Financial LLC raised its holdings in Coursera by 582.9% during the 4th quarter. Jump Financial LLC now owns 213,753 shares of the company's stock valued at $1,817,000 after buying an additional 182,453 shares during the last quarter. Penn Capital Management Company LLC bought a new stake in Coursera during the 4th quarter valued at $635,000. Sei Investments Co. boosted its position in Coursera by 340.9% during the 4th 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 period. Finally, SBI Securities Co. Ltd. bought a new stake in Coursera in the 4th quarter worth $35,000. Institutional investors own 89.55% of the company's stock.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction 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 in the company, valued at approximately $1,490,211.38. The trade was a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.80% of the stock is owned by corporate insiders.

Coursera Price Performance

COUR stock traded up $0.07 during trading on Friday, hitting $9.01. 2,052,392 shares of the stock traded hands, compared to its average volume of 2,305,884. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -17.32 and a beta of 1.38. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $11.74. The firm's 50 day moving average is $7.47 and its two-hundred day moving average is $7.85.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on COUR. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 price objective on shares of Coursera in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley lifted their price objective on Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. UBS Group boosted their target price on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $9.31.

Coursera Company Profile

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.