Two Sigma Investments LP Takes Position in Coursera, Inc. (NYSE:COUR)

Two Sigma Investments LP purchased a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,024,666 shares of the company's stock, valued at approximately $8,710,000. Two Sigma Investments LP owned approximately 0.65% of Coursera at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC boosted its stake in Coursera by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 38,746 shares of the company's stock valued at $329,000 after buying an additional 12,749 shares during the period. Jump Financial LLC boosted its position in shares of Coursera by 582.9% during the 4th quarter. Jump Financial LLC now owns 213,753 shares of the company's stock valued at $1,817,000 after acquiring an additional 182,453 shares during the last quarter. Penn Capital Management Company LLC purchased a new position in shares of Coursera during the fourth quarter worth about $635,000. Franklin Resources Inc. grew its holdings in shares of Coursera by 19.6% during the fourth quarter. Franklin Resources Inc. now owns 260,866 shares of the company's stock worth $2,217,000 after purchasing an additional 42,765 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Coursera by 340.9% in the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock worth $2,322,000 after purchasing an additional 211,191 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on COUR shares. UBS Group lifted their target price on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America reiterated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Coursera has a consensus rating of "Hold" and a consensus price target of $9.31.

Coursera Price Performance

NYSE:COUR traded down $0.05 during mid-day trading on Friday, reaching $8.94. 189,128 shares of the company's stock traded hands, compared to its average volume of 2,275,731. The company has a 50 day moving average price of $7.79 and a 200-day moving average price of $7.96. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -17.22 and a beta of 1.38. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $11.74.

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

Insider Buying and Selling at Coursera

In other Coursera news, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,152.32. Following the sale, the director now directly owns 85,573 shares of the company's stock, valued at approximately $725,659.04. The trade was a 9.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sabrina Simmons sold 9,335 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,160.80. Following the transaction, the director now owns 50,215 shares in the company, valued at $425,823.20. This trade represents a 15.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,770 shares of company stock valued at $211,087. 16.80% of the stock is currently owned by company insiders.

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.