1,398,397 Shares of Coursera, Inc. $COUR Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 1,398,397 Coursera shares worth approximately $7.9 million in the second quarter, while institutional investors collectively own 89.55% of the company.
• Coursera reported quarterly revenue of $298.6 million and earnings per share of $0.17, exceeding analyst estimates; revenue increased 59.6% year over year despite a negative net margin.
• COUR opened at $5.05, near its one-year low of $4.95. Analysts maintain a “Moderate Buy” consensus with an average price target of $8.55.

Bank of America Corp DE bought a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,398,397 shares of the company's stock, valued at approximately $7,887,000. Bank of America Corp DE owned approximately 0.53% of Coursera as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in COUR. BlackRock Inc. purchased a new position in shares of Coursera in the 2nd quarter valued at $116,245,000. Caledonia Private Investments Pty Ltd acquired a new position in shares of Coursera in the 2nd quarter valued at $114,918,000. Pale Fire Capital SE purchased a new position in Coursera during the 1st quarter worth $61,178,000. Deutsche Bank AG purchased a new stake in shares of Coursera in the second quarter valued at about $9,848,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Coursera in the second quarter valued at about $9,688,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Price Performance

NYSE COUR opened at $5.05 on Friday. The business has a 50 day moving average price of $5.65 and a 200 day moving average price of $5.70. The company has a market capitalization of $1.33 billion, a P/E ratio of -7.53, a PEG ratio of 0.64 and a beta of 1.26. Coursera, Inc. has a 1-year low of $4.95 and a 1-year high of $12.32.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.Coursera's revenue was up 59.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, research analysts expect that Coursera, Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.71, for a total transaction of $52,183.69. Following the sale, the senior vice president owned 236,237 shares in the company, valued at approximately $1,348,913.27. This represents a 3.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on COUR shares. Zacks Research lowered Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday, August 24th. Wall Street Zen raised shares of Coursera from a "hold" rating to a "buy" rating in a research note on Saturday, September 19th. The Goldman Sachs Group upgraded shares of Coursera from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $5.50 to $6.50 in a research report on Monday, August 3rd. Royal Bank Of Canada restated an "outperform" rating and issued a $7.00 target price on shares of Coursera in a research note on Wednesday, June 24th. Finally, Weiss Ratings downgraded Coursera from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, September 14th. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Coursera presently has a consensus rating of "Moderate Buy" and an average target price of $8.55.

Coursera Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor's and master's degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.

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