Coursera, Inc. (NYSE:COUR) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 253.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,424,354 shares of the company's stock after acquiring an additional 1,020,969 shares during the quarter. Ameriprise Financial Inc. owned 0.90% of Coursera worth $12,107,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Coursera in the fourth quarter valued at approximately $35,000. KBC Group NV raised its stake in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after purchasing an additional 4,376 shares during the last quarter. Bank of Nova Scotia purchased a new position in Coursera in the 4th quarter valued at $96,000. New York State Teachers Retirement System purchased a new position in Coursera in the 4th quarter valued at $107,000. Finally, Cibc World Markets Corp acquired a new stake in Coursera during the 4th quarter worth $109,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Stock Up 0.4%

Shares of COUR traded up $0.03 during trading on Thursday, reaching $8.55. 1,695,901 shares of the company traded hands, compared to its average volume of 2,295,681. The stock has a 50-day simple moving average of $7.61 and a 200-day simple moving average of $7.90. The stock has a market cap of $1.38 billion, a PE ratio of -16.44 and a beta of 1.38. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. The firm had revenue of $179.30 million during 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 firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.07 EPS. On average, equities research analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on COUR shares. Morgan Stanley increased their target price on shares of Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased 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. Bank of America restated an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.31.

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.