Federated Hermes Inc. Has $4.06 Million Position in Coursera, Inc. (NYSE:COUR)

Federated Hermes Inc. increased its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 61,498.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 478,001 shares of the company's stock after purchasing an additional 477,225 shares during the quarter. Federated Hermes Inc. owned 0.30% of Coursera worth $4,063,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Coursera during the fourth quarter worth $17,010,000. Vanguard Group Inc. lifted its holdings in shares of Coursera by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after purchasing an additional 440,948 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Coursera by 220.3% during the fourth quarter. Alliancebernstein L.P. now owns 473,670 shares of the company's stock worth $4,026,000 after buying an additional 325,770 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Coursera by 73.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 675,208 shares of the company's stock worth $5,739,000 after buying an additional 286,012 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Coursera in the 4th quarter valued at approximately $2,086,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Up 4.1 %

Shares of Coursera stock traded up $0.29 on Friday, hitting $7.31. The stock had a trading volume of 1,518,573 shares, compared to its average volume of 2,339,237. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -14.05 and a beta of 1.42. The business's 50 day moving average is $7.31 and its two-hundred day moving average is $7.73. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $12.37.

Analyst Upgrades and Downgrades

COUR has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target 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. Needham & Company LLC reissued a "buy" rating and set a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. UBS Group lifted their target price on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Bank of America reissued an "underperform" rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $9.67.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company's 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 transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.30% 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.