Algert Global LLC grew its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 69.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 806,301 shares of the company's stock after acquiring an additional 330,805 shares during the quarter. Algert Global LLC owned about 0.51% of Coursera worth $6,854,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. purchased a new position in shares of Coursera in the third quarter worth $1,651,000. Jump Financial LLC raised its stake in Coursera by 582.9% in the 4th quarter. Jump Financial LLC now owns 213,753 shares of the company's stock worth $1,817,000 after acquiring an additional 182,453 shares during the last quarter. Penn Capital Management Company LLC acquired a new stake in Coursera during the 4th quarter worth about $635,000. Sei Investments Co. grew its stake 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 purchasing an additional 211,191 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Coursera in the fourth quarter valued at about $35,000. 89.55% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.80% of the stock is owned by company insiders.
Coursera Trading Up 1.1 %
NYSE:COUR traded up $0.09 during trading hours on Wednesday, reaching $8.77. 1,792,014 shares of the company were exchanged, compared to its average volume of 2,309,808. The firm has a market cap of $1.41 billion, a PE ratio of -16.87 and a beta of 1.38. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $11.74. The stock's 50-day moving average is $7.29 and its 200-day moving average is $7.79.
Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.42% and a negative net margin of 11.45%. The company had revenue of $179.30 million for the quarter, compared to analysts' expectations of $175.60 million. During the same period in the previous year, the firm posted $0.07 EPS. Coursera's revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on COUR shares. Bank of America reiterated an "underperform" rating and issued a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research note on Friday, April 25th. Morgan Stanley boosted their target price 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. UBS Group increased their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.31.
Check Out Our Latest Analysis on Coursera
Coursera Profile
(
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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