Coursera, Inc. $COUR Stake Boosted by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Coursera, Inc. by 61.2% during the 1st quarter, now holding approximately 239,649 shares valued at about $1.6 million.
• Coursera's revenue for the last quarter was $187.10 million, surpassing estimates and showing a 9.9% year-over-year increase, while earnings per share reached $0.12.
• Insider trades saw significant activity, with the CAO and CFO both selling shares, contributing to a total of 115,000 shares sold by insiders in the last ninety days.

OMERS ADMINISTRATION Corp lifted its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 61.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 239,649 shares of the company's stock after purchasing an additional 90,949 shares during the quarter. OMERS ADMINISTRATION Corp owned about 0.15% of Coursera worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COUR. Renaissance Technologies LLC purchased a new position in Coursera in the fourth quarter valued at approximately $390,000. MetLife Investment Management LLC raised its stake in shares of Coursera by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 85,185 shares of the company's stock worth $724,000 after purchasing an additional 4,784 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Coursera during the fourth quarter worth $156,000. Tudor Investment Corp ET AL acquired a new stake in shares of Coursera in the 4th quarter worth $211,000. Finally, Northern Trust Corp lifted its position in Coursera by 12.7% in the fourth quarter. Northern Trust Corp now owns 1,280,107 shares of the company's stock valued at $10,881,000 after purchasing an additional 144,577 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Morgan Stanley increased their target price on Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. KeyCorp reissued an "overweight" rating and issued a $12.00 price objective (up from $11.00) on shares of Coursera in a research report on Friday, July 25th. Bank of America raised shares of Coursera from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $7.00 to $12.00 in a research report on Friday, July 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price target on shares of Coursera in a report on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Coursera currently has a consensus rating of "Hold" and a consensus target price of $11.40.

Insiders Place Their Bets

In other news, CFO Kenneth R. Hahn sold 25,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.92, for a total transaction of $298,000.00. Following the completion of the sale, the chief financial officer owned 1,050,853 shares in the company, valued at approximately $12,526,167.76. This represents a 2.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 24,631 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $11.14, for a total value of $274,389.34. Following the sale, the senior vice president directly owned 258,526 shares of the company's stock, valued at approximately $2,879,979.64. This represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,631 shares of company stock worth $1,637,489. 16.80% of the stock is owned by corporate insiders.

Coursera Trading Up 0.1%

NYSE:COUR traded up $0.02 during mid-day trading on Friday, hitting $11.24. The stock had a trading volume of 1,783,428 shares, compared to its average volume of 2,268,255. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $13.56. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -34.04 and a beta of 1.40. The company has a 50 day simple moving average of $10.58 and a 200-day simple moving average of $8.83.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%.The firm had revenue of $187.10 million for the quarter, compared to analysts' expectations of $180.52 million. During the same period last year, the firm earned $0.09 EPS. The firm's revenue was up 9.9% compared to the same quarter last year. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current year.

About Coursera

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.