Dauntless Investment Group LLC Makes New $445,000 Investment 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 purchased a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the company. State of Wyoming raised its holdings in shares of Coursera by 959.1% during the fourth 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. Wealth Enhancement Advisory Services LLC bought a new stake in Coursera in the 4th quarter worth approximately $86,000. Xponance Inc. purchased a new stake in Coursera during the 1st quarter valued at $69,000. Pallas Capital Advisors LLC bought a new position in shares of Coursera during the 1st quarter valued at $71,000. Finally, Inspire Advisors LLC purchased a new position in shares of Coursera in the 1st quarter worth $75,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coursera

In related news, Director Amanda Clark sold 9,334 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the sale, the director directly owned 85,573 shares in the company, valued at approximately $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president owned 293,368 shares of the company's stock, valued at $2,537,633.20. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,270 shares of company stock worth $356,087. 16.80% of the stock is currently owned by company insiders.

Coursera Stock Down 3.0%

NYSE COUR traded down $0.38 during trading hours on Friday, reaching $12.27. The company's stock had a trading volume of 2,898,675 shares, compared to its average volume of 2,188,495. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $13.56. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -37.17 and a beta of 1.36. The firm's 50-day moving average price is $9.01 and its 200-day moving average price is $8.25.

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

Analysts Set New Price Targets

COUR has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and set a $11.00 price objective on shares of Coursera in a research report on Monday, July 21st. Scotiabank boosted their price target on Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. KeyCorp reissued an "overweight" rating and issued a $12.00 price objective (up previously from $11.00) on shares of Coursera in a report on Friday, July 25th. Finally, UBS Group upped their target price on shares of Coursera from $8.50 to $10.00 and gave the company a "neutral" rating in a report on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.25.

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.