Algert Global LLC Has $13.61 Million Stake in Coursera, Inc. $COUR

Key Points

• Algert Global LLC increased its Coursera stake by 40.1% in Q3 to 1,161,981 shares, worth about $13.61 million and representing roughly 0.70% of the company.
• Coursera beat revenue estimates with $196.9M (vs. $191.8M) and reported $0.06 EPS, but remains unprofitable with a -6.73% net margin; the stock trades near $6.05 and the company has a ~$1.02B market cap.
• Analyst coverage is mixed — the consensus rating is "Hold" with an average target of $10.62 (8 Buys, 5 Holds, 2 Sells), and recent price targets range roughly $7–$12.

Algert Global LLC increased its position in Coursera, Inc. (NYSE:COUR - Free Report) by 40.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,161,981 shares of the company's stock after purchasing an additional 332,409 shares during the quarter. Algert Global LLC owned approximately 0.70% of Coursera worth $13,607,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of COUR. Daiwa Securities Group Inc. lifted its holdings in shares of Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company's stock worth $64,000 after acquiring an additional 4,550 shares during the period. Savant Capital LLC bought a new stake in Coursera in the second quarter valued at about $94,000. State of Alaska Department of Revenue bought a new stake in Coursera in the third quarter valued at about $104,000. Captrust Financial Advisors acquired a new position in Coursera in the second quarter worth about $111,000. Finally, State of Wyoming lifted its stake in Coursera by 80.0% during the second quarter. State of Wyoming now owns 13,008 shares of the company's stock worth $114,000 after purchasing an additional 5,781 shares during the period. Institutional investors and hedge funds own 89.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on COUR shares. KeyCorp decreased their price objective on Coursera from $12.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, February 6th. Cantor Fitzgerald reissued an "overweight" rating on shares of Coursera in a report on Wednesday, November 26th. UBS Group restated a "neutral" rating and set a $7.00 target price on shares of Coursera in a research report on Friday, February 6th. JPMorgan Chase & Co. raised Coursera from a "neutral" rating to an "overweight" rating and set a $12.00 price target on the stock in a research note on Wednesday, December 17th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.62.

Coursera Trading Up 1.6%

Shares of Coursera stock opened at $6.05 on Monday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -19.50 and a beta of 1.35. The firm's 50-day moving average price is $6.31 and its two-hundred day moving average price is $8.29. Coursera, Inc. has a 1-year low of $5.47 and a 1-year high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $196.90 million during the quarter, compared to analysts' expectations of $191.83 million. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. Coursera's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, equities research analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 9,710 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total transaction of $57,483.20. Following the sale, the senior vice president owned 217,876 shares in the company, valued at approximately $1,289,825.92. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.80% of the company's stock.

About Coursera

Coursera, Inc NYSE: COUR operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera's mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

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