Coursera, Inc. (NYSE:COUR) Shares Purchased by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. raised its stake in Coursera, Inc. by 125.3% during the first quarter, now holding approximately $7.17 million in stock.
• Wall Street analysts have shown positive sentiment towards Coursera, with several firms lifting their price targets, including a new consensus price target of $11.25 and an average rating of "Moderate Buy."
• Coursera's latest earnings report indicated revenue growth of 9.9% year-over-year, with the company reporting an EPS of $0.12, exceeding consensus estimates.

Federated Hermes Inc. boosted its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 125.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,076,727 shares of the company's stock after purchasing an additional 598,726 shares during the quarter. Federated Hermes Inc. owned about 0.67% of Coursera worth $7,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in COUR. Norges Bank purchased a new position in Coursera in the 4th quarter worth approximately $17,010,000. Two Sigma Investments LP purchased a new position in Coursera in the 4th quarter worth approximately $8,710,000. Ameriprise Financial Inc. raised its holdings in Coursera by 253.1% in the 4th 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 during the last quarter. BNP Paribas Financial Markets purchased a new position in Coursera in the 4th quarter worth approximately $6,612,000. Finally, Pacer Advisors Inc. purchased a new position in Coursera in the 1st quarter worth approximately $4,132,000. Institutional investors own 89.55% of the company's stock.

Insiders Place Their Bets

In other news, CAO Michele M. Meyers sold 12,500 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $11.60, for a total transaction of $145,000.00. Following the transaction, the chief accounting officer directly owned 253,351 shares in the company, valued at $2,938,871.60. The trade was a 4.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amanda Clark sold 9,334 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the transaction, the director owned 85,573 shares in the company, valued at approximately $725,659.04. This represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,270 shares of company stock valued at $356,087 over the last quarter. Insiders own 16.80% of the company's stock.

Coursera Stock Up 5.5%

NYSE:COUR traded up $0.68 during mid-day trading on Wednesday, hitting $12.86. 1,857,589 shares of the stock traded hands, compared to its average volume of 2,215,452. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -38.92 and a beta of 1.40. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $13.56. The firm's 50 day moving average is $9.23 and its two-hundred day moving average is $8.32.

Coursera (NYSE:COUR - Get Free Report) last posted 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 company had revenue of $187.10 million during 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%. Coursera's revenue 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. As a group, research analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COUR. Royal Bank Of Canada boosted their price objective on shares of Coursera from $10.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Morgan Stanley raised their target price on shares of Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Scotiabank raised their target price on shares of Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Cantor Fitzgerald raised their target price on shares of Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Loop Capital raised their target price on shares of Coursera from $12.00 to $15.00 and gave the stock a "buy" 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.25.

Coursera Company 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.