Numerai GP LLC Lowers Stock Holdings in Coursera, Inc. (NYSE:COUR)

Numerai GP LLC reduced its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,296 shares of the company's stock after selling 38,301 shares during the quarter. Numerai GP LLC owned about 0.06% of Coursera worth $827,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in COUR. SBI Securities Co. Ltd. purchased a new stake in Coursera in the fourth quarter worth about $35,000. KBC Group NV raised its position in shares of 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 acquiring an additional 4,376 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of Coursera in the 4th quarter valued at approximately $96,000. Ethic Inc. purchased a new position in shares of Coursera in the 4th quarter valued at approximately $102,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Coursera during the fourth quarter valued at approximately $107,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Trading Up 0.7%

COUR stock traded up $0.07 during midday trading on Friday, hitting $9.01. The company's stock had a trading volume of 2,052,392 shares, compared to its average volume of 2,305,434. The firm's 50-day moving average is $7.51 and its 200-day moving average is $7.87. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $11.74. The company has a market cap of $1.45 billion, a PE ratio of -17.32 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the firm posted $0.07 EPS. The business's quarterly revenue was up 6.0% compared to the same quarter last year. Analysts expect that Coursera, Inc. will post -0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley raised their price objective on Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and set a $11.00 price target on shares of Coursera in a research report on Friday, April 25th. UBS Group boosted their price objective 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. JPMorgan Chase & Co. decreased their target price 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. Finally, Bank of America reissued an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Two equities research 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $9.31.

Insider Transactions at Coursera

In other Coursera 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 value of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.80% of the company's stock.

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.