PDT Partners LLC Boosts Stake in Coursera, Inc. (NYSE:COUR)

PDT Partners LLC lifted its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 119.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,987 shares of the company's stock after purchasing an additional 47,347 shares during the quarter. PDT Partners LLC owned about 0.05% of Coursera worth $739,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of COUR. Northern Trust Corp grew its position in Coursera by 12.7% in the 4th quarter. Northern Trust Corp now owns 1,280,107 shares of the company's stock valued at $10,881,000 after acquiring an additional 144,577 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Coursera during the fourth quarter valued at $211,000. Aquatic Capital Management LLC bought a new stake in shares of Coursera in the 4th quarter valued at about $854,000. Susquehanna Fundamental Investments LLC purchased a new position in Coursera during the fourth quarter valued at approximately $3,401,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of Coursera in the 4th quarter valued at $635,000. Institutional investors own 89.55% of the company's stock.

Coursera Stock Performance

Shares of NYSE:COUR traded up $0.15 during trading on Tuesday, hitting $8.75. The company's stock had a trading volume of 512,998 shares, compared to its average volume of 2,307,903. The company has a market capitalization of $1.41 billion, a PE ratio of -16.84 and a beta of 1.38. The business has a 50 day moving average price of $7.26 and a two-hundred day moving average price of $7.78. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last released 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 net margin of 11.45% and a negative return on equity of 9.42%. The business had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. During the same period in the previous year, the company earned $0.07 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on COUR shares. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Morgan Stanley lifted their price target on Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 target price on shares of Coursera in a research note on Tuesday, April 22nd. Two research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9.31.

Insider Activity

In related news, SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 16.80% of the company's stock.

Coursera 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.