Aigen Investment Management LP Has $298,000 Holdings in Coursera, Inc. (NYSE:COUR)

Key Points

• Aigen Investment Management LP increased its stake in Coursera, Inc. by 205.6% during the first quarter, now holding 44,700 shares valued at $298,000.
• Multiple institutional investors have recently boosted their holdings in Coursera, with 89.55% of the stock currently owned by hedge funds and other institutional investors.
• Analysts have issued generally favorable ratings, with Coursera receiving a "buy" rating from Wall Street Zen and price target increases from several firms, including Loop Capital and Bank of America.

Aigen Investment Management LP grew its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 205.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,700 shares of the company's stock after acquiring an additional 30,072 shares during the quarter. Aigen Investment Management LP's holdings in Coursera were worth $298,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of COUR. State of Wyoming raised its stake in shares of Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after purchasing an additional 3,520 shares in the last quarter. Xponance Inc. bought a new stake in shares of Coursera during the 1st quarter worth approximately $69,000. Pallas Capital Advisors LLC bought a new stake in shares of Coursera during the 1st quarter worth approximately $71,000. Inspire Advisors LLC bought a new stake in shares of Coursera during the 1st quarter worth approximately $75,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Coursera during the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Analysts Set New Price Targets

COUR has been the topic of a number of research analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $14.00 price target on shares of Coursera in a research note on Friday. Scotiabank increased their price target on Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Bank of America upgraded Coursera from an "underperform" rating to a "neutral" rating and increased their price target for the company from $7.00 to $12.00 in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price target on Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Finally, Cantor Fitzgerald increased their price target on Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Coursera presently has a consensus rating of "Moderate Buy" and an average target price of $11.40.

Coursera Trading Down 0.1%

COUR stock traded down $0.01 during trading hours on Friday, hitting $11.88. 2,657,982 shares of the stock were exchanged, compared to its average volume of 5,222,435. The firm has a market capitalization of $1.92 billion, a P/E ratio of -36.00 and a beta of 1.40. The company has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $8.49. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $187.10 million for the quarter, compared to analysts' expectations of $180.52 million. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. On average, equities research analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the sale, the director directly owned 85,573 shares of the company's stock, valued at $725,659.04. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michele M. Meyers sold 12,500 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $145,000.00. Following the completion of the sale, the chief accounting officer directly owned 253,351 shares in the company, valued at $2,938,871.60. This trade represents a 4.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,270 shares of company stock valued at $356,087. Company insiders own 16.80% 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.