Great Lakes Advisors LLC Makes New Investment in Coursera, Inc. $COUR

Great Lakes Advisors LLC bought a new stake in Coursera, Inc. (NYSE:COUR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 578,382 shares of the company's stock, valued at approximately $3,262,000. Great Lakes Advisors LLC owned approximately 0.34% of Coursera as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new stake in Coursera in the 4th quarter valued at about $25,000. Optiver Holding B.V. bought a new position in Coursera in the 1st quarter worth approximately $31,000. Versant Capital Management Inc lifted its holdings in Coursera by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company's stock worth $31,000 after buying an additional 2,152 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Coursera by 224.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company's stock valued at $36,000 after buying an additional 3,415 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new stake in shares of Coursera in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Insider Activity

In other news, SVP Alan B. Cardenas sold 9,139 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the sale, the senior vice president owned 236,237 shares of the company's stock, valued at $1,348,913.27. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.30% of the stock is owned by company insiders.

Coursera Price Performance

Shares of NYSE:COUR opened at $5.85 on Friday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -8.73, a PEG ratio of 0.74 and a beta of 1.24. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $12.32. The company's fifty day simple moving average is $5.65 and its 200 day simple moving average is $5.78.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.07. The firm had revenue of $298.60 million during the quarter, compared to analysts' expectations of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The company's revenue was up 59.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. Research analysts expect that Coursera, Inc. will post 0.16 earnings per share for the current fiscal year.

Coursera announced that its board has initiated a stock repurchase program on Monday, May 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 55.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

COUR has been the topic of several recent research reports. Telsey Advisory Group decreased their price target on Coursera from $14.00 to $10.00 and set an "outperform" rating on the stock in a report on Friday, April 24th. Wall Street Zen raised shares of Coursera from a "hold" rating to a "buy" rating in a research note on Sunday, August 2nd. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. BMO Capital Markets restated an "outperform" rating on shares of Coursera in a report on Thursday, July 30th. Finally, Bank of America lowered their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Coursera has an average rating of "Moderate Buy" and an average target price of $8.55.

Coursera Profile

Coursera, Inc NYSE: COUR operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera's mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

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