Dauntless Investment Group LLC Invests $445,000 in Coursera, Inc. (NYSE:COUR)

Key Points

• Dauntless Investment Group LLC has invested $445,000 in Coursera, Inc., acquiring 66,750 shares, which represents approximately 0.5% of its portfolio.
• Multiple firms have recently upgraded their ratings on Coursera, with analysts boosting target prices to between $12.00 and $13.00, indicating a consensus rating of "Moderate Buy."
• Coursera's recent financial results exceeded expectations, reporting a revenue of $187.10 million and an EPS of $0.12, which is a year-over-year increase of 9.9%.

Dauntless Investment Group LLC acquired a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 66,750 shares of the company's stock, valued at approximately $445,000. Coursera makes up about 0.5% of Dauntless Investment Group LLC's portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in COUR. State of Wyoming lifted its holdings in shares of Coursera by 959.1% in 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. Xponance Inc. purchased a new stake in shares of Coursera in the 1st quarter valued at about $69,000. Pallas Capital Advisors LLC purchased a new stake in shares of Coursera in the 1st quarter valued at about $71,000. Inspire Advisors LLC purchased a new stake in shares of Coursera in the 1st quarter valued at about $75,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Coursera in the 4th quarter valued at about $86,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday. Wall Street Zen raised Coursera from a "hold" rating to a "buy" rating in a report on Saturday. KeyCorp reissued an "overweight" rating and issued a $12.00 target price (up from $11.00) on shares of Coursera in a report on Friday. Royal Bank Of Canada upped their price objective on Coursera from $10.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price objective on shares of Coursera in a research note on Monday, July 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

Coursera Trading Up 0.9%

Shares of COUR stock opened at $12.48 on Tuesday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -37.82 and a beta of 1.36. The stock has a 50 day simple moving average of $8.79 and a 200-day simple moving average of $8.16. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. Coursera had a negative return on equity of 5.22% and a negative net margin of 7.05%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. On average, equities analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions 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 transaction of $79,160.80. Following the completion of the transaction, the director directly owned 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 filing with the SEC, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president directly owned 293,368 shares of the company's stock, valued at approximately $2,537,633.20. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,770 shares of company stock valued at $211,087. Corporate insiders own 16.80% of the company's stock.

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.

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