Algert Global LLC Has $6.85 Million Holdings in Coursera, Inc. (NYSE:COUR)

Algert Global LLC raised its position in Coursera, Inc. (NYSE:COUR - Free Report) by 69.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 806,301 shares of the company's stock after purchasing an additional 330,805 shares during the quarter. Algert Global LLC owned approximately 0.51% of Coursera worth $6,854,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Coursera during the 4th quarter worth about $35,000. KBC Group NV lifted its holdings in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after purchasing an additional 4,376 shares during the last quarter. Bank of Nova Scotia bought a new stake in Coursera during the fourth quarter worth approximately $96,000. New York State Teachers Retirement System bought a new position in shares of Coursera in the fourth quarter valued at approximately $107,000. Finally, Cibc World Markets Corp bought a new position in shares of Coursera in the fourth quarter valued at approximately $109,000. Institutional investors own 89.55% of the company's stock.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 5,613 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.80% of the stock is owned by corporate insiders.

Coursera Price Performance

Shares of NYSE:COUR remained flat at $8.91 during trading on Friday. 1,510,724 shares of the stock were exchanged, compared to its average volume of 2,308,669. The company has a market cap of $1.44 billion, a PE ratio of -17.13 and a beta of 1.38. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The firm has a 50 day simple moving average of $7.34 and a 200-day simple moving average 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. The firm had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. Equities research analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COUR shares. Morgan Stanley raised their target price on shares of Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Bank of America restated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. UBS Group lifted their price target on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two equities research 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 MarketBeat, the stock 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.