Coursera, Inc. (NYSE:COUR) Position Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 253.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,424,354 shares of the company's stock after purchasing an additional 1,020,969 shares during the period. Ameriprise Financial Inc. owned approximately 0.90% of Coursera worth $12,107,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in COUR. Barclays PLC increased its position in Coursera by 24.4% in the 3rd quarter. Barclays PLC now owns 962,122 shares of the company's stock valued at $7,640,000 after acquiring an additional 188,911 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Coursera in the third quarter worth $1,651,000. SG Americas Securities LLC increased its holdings in shares of Coursera by 66.1% in the 4th quarter. SG Americas Securities LLC now owns 87,209 shares of the company's stock valued at $741,000 after purchasing an additional 34,701 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Coursera by 15.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company's stock valued at $1,036,000 after acquiring an additional 16,724 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of 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 purchasing an additional 4,376 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COUR shares. JPMorgan Chase & Co. lowered their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reissued a "buy" rating and set a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. UBS Group increased their target price on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Friday, January 31st. Bank of America reaffirmed an "underperform" rating and set a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9.31.

Insider Buying and Selling at Coursera

In other news, Director Sabrina Simmons sold 9,335 shares of the 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 completion of the transaction, the director now owns 50,215 shares of the company's stock, valued at approximately $425,823.20. This represents a 15.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the completion of the sale, the senior vice president now owns 293,368 shares of the company's stock, valued at $2,537,633.20. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,770 shares of company stock worth $211,087 over the last three months. Company insiders own 16.80% of the company's stock.

Coursera Price Performance

NYSE:COUR traded down $0.09 on Friday, reaching $8.47. 1,384,022 shares of the company's stock were exchanged, compared to its average volume of 2,295,781. The stock has a fifty day simple moving average of $7.67 and a 200-day simple moving average of $7.93. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -16.28 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, topping 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 net margin of 11.45% and a negative return on equity of 9.42%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. As a group, sell-side analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.

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.