Ieq Capital LLC Acquires 492,155 Shares of Coursera, Inc. $COUR

Key Points

• Ieq Capital LLC increased its stake in Coursera, Inc. by 715.4%, acquiring 492,155 additional shares, which brought its total ownership to 560,945 shares valued at approximately $3.7 million.
• Insider sales included CFO Kenneth R. Hahn selling 75,000 shares for about $890,250, resulting in a 6.52% decrease in his ownership of the stock.
• Analysts have raised price targets for Coursera stock, with Royal Bank of Canada setting a new target at $13.00 and seven analysts rating the stock as a Buy.

Ieq Capital LLC raised its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 715.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 560,945 shares of the company's stock after acquiring an additional 492,155 shares during the period. Ieq Capital LLC owned about 0.35% of Coursera worth $3,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in COUR. State of Wyoming lifted its holdings in Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock valued at $33,000 after purchasing an additional 3,520 shares during the last quarter. Pale Fire Capital SE acquired a new stake in Coursera during the 1st quarter valued at $67,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Coursera during the 4th quarter valued at $86,000. Xponance Inc. acquired a new stake in Coursera during the 1st quarter valued at $69,000. Finally, Pallas Capital Advisors LLC acquired a new stake in Coursera during the 1st quarter valued at $71,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COUR. JPMorgan Chase & Co. raised their price target on Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Scotiabank lifted their target price on Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Telsey Advisory Group reissued an "outperform" rating and issued a $14.00 target price on shares of Coursera in a research note on Friday, August 15th. Royal Bank Of Canada lifted their target price on Coursera from $10.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Loop Capital raised their price target on Coursera from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Seven equities research 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 data from MarketBeat, Coursera currently has a consensus rating of "Hold" and an average price target of $11.40.

Coursera Price Performance

Shares of Coursera stock traded up $0.16 during trading hours on Wednesday, hitting $11.21. The company's stock had a trading volume of 1,005,634 shares, compared to its average volume of 2,253,606. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56. The stock has a 50 day moving average of $10.42 and a 200 day moving average of $8.78. The company has a market capitalization of $1.81 billion, a PE ratio of -33.95 and a beta of 1.40.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $187.10 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.09 earnings per share. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Coursera, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other Coursera news, CFO Kenneth R. Hahn sold 25,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.92, for a total value of $298,000.00. Following the sale, the chief financial officer owned 1,050,853 shares in the company, valued at $12,526,167.76. This represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Michele M. Meyers sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.94, for a total value of $29,850.00. Following the completion of the sale, the chief accounting officer directly owned 241,295 shares of the company's stock, valued at approximately $2,881,062.30. The trade was a 1.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,000 shares of company stock worth $1,363,100 in the last quarter. 16.80% of the stock is currently owned by corporate insiders.

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.