Mackenzie Financial Corp Buys New Position in Coursera, Inc. (NYSE:COUR)

Mackenzie Financial Corp bought a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 125,444 shares of the company's stock, valued at approximately $1,066,000. Mackenzie Financial Corp owned approximately 0.08% of Coursera as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC grew its holdings in shares of Coursera by 24.4% during the third quarter. Barclays PLC now owns 962,122 shares of the company's stock worth $7,640,000 after purchasing an additional 188,911 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Coursera by 15.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company's stock worth $1,036,000 after buying an additional 16,724 shares during the last quarter. KBC Group NV grew its stake in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after buying an additional 4,376 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Coursera during the 4th quarter worth approximately $107,000. Finally, New York State Common Retirement Fund grew its stake in Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock worth $360,000 after buying an additional 2,552 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company's stock.

Insider Buying and Selling at Coursera

In other Coursera news, Director Amanda Clark sold 9,334 shares of the stock in a transaction 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 transaction, the director now owns 85,573 shares of the company's stock, valued at $725,659.04. This represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president now directly owns 293,368 shares in the company, valued at approximately $2,537,633.20. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock valued at $211,087 over the last quarter. Corporate insiders own 16.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have 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 stock an "overweight" rating in a research report on Friday, April 25th. Telsey Advisory Group reissued an "outperform" rating and set a $12.00 price objective on shares of Coursera in a research report on Tuesday, April 22nd. Bank of America reissued an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. 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 report on Tuesday, April 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $11.00 price target on shares of Coursera in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $9.31.

Coursera Stock Performance

COUR stock traded down $0.08 during trading on Tuesday, reaching $9.10. 730,208 shares of the company were exchanged, compared to its average volume of 2,269,773. The stock's 50 day moving average price is $7.86 and its 200 day moving average price is $7.99. The company has a market cap of $1.47 billion, a P/E ratio of -17.49 and a beta of 1.38. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The company had revenue of $179.30 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period in the previous year, the business earned $0.07 earnings per share. Coursera's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that Coursera, Inc. will post -0.28 EPS for the current year.

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.