Coursera, Inc. $COUR Stake Lessened by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly reduced its stake in Coursera, Inc. by 53.9%, now holding approximately 0.40% of the company, valued at $4.32 million.
• Several hedge funds are modifying their positions in Coursera, with Ameriprise Financial Inc. increasing its holding by 253.1% during the fourth quarter.
• Coursera's stock has a consensus rating of "Hold" from analysts, with an average target price of $11.40, reflecting a range of recent upgrades and revisions to price targets.

Acadian Asset Management LLC lowered its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 53.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,608 shares of the company's stock after selling 759,473 shares during the period. Acadian Asset Management LLC owned approximately 0.40% of Coursera worth $4,324,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of COUR. Nuveen LLC purchased a new stake in shares of Coursera in the first quarter valued at $7,764,000. Two Sigma Investments LP purchased a new stake in shares of Coursera during the fourth quarter worth $8,710,000. Ameriprise Financial Inc. raised its holdings in shares of Coursera by 253.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock worth $12,107,000 after acquiring an additional 1,020,969 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Coursera during the first quarter worth $4,132,000. Finally, Federated Hermes Inc. raised its holdings in shares of Coursera by 125.3% during the first quarter. Federated Hermes Inc. now owns 1,076,727 shares of the company's stock worth $7,171,000 after acquiring an additional 598,726 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.

Insider Activity

In other news, CAO Michele M. Meyers sold 2,500 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.94, for a total value of $29,850.00. Following the sale, the chief accounting officer directly owned 241,295 shares of the company's stock, valued at approximately $2,881,062.30. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kenneth R. Hahn sold 29,636 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $11.97, for a total value of $354,742.92. Following the completion of the sale, the chief financial officer directly owned 954,047 shares in the company, valued at approximately $11,419,942.59. This represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,631 shares of company stock valued at $2,225,604. 16.80% of the stock is owned by insiders.

Analysts Set New Price Targets

COUR has been the subject of several recent research reports. KeyCorp reiterated an "overweight" rating and set a $12.00 price objective (up from $11.00) on shares of Coursera in a report on Friday, July 25th. UBS Group increased their price objective on Coursera from $8.50 to $10.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research 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 given a Sell rating to the company. According to data from MarketBeat.com, Coursera has a consensus rating of "Hold" and an average target price of $11.40.

Coursera Price Performance

Coursera stock opened at $10.97 on Monday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -33.24 and a beta of 1.40. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The company's fifty day moving average price is $10.84 and its two-hundred day moving average price is $8.94.

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

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