GSA Capital Partners LLP Has $704,000 Stake in Coursera, Inc. (NYSE:COUR)

Key Points

• GSA Capital Partners LLP has reduced its holdings in Coursera by 49.1%, selling 102,026 shares and now owning approximately 0.07% of the company, valued at $704,000.
• Multiple hedge funds have adjusted their positions in Coursera, with notable increases from MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and CWM LLC, reflecting growing institutional interest in the stock.
• Analysts have raised price targets for Coursera, with a consensus rating of "Moderate Buy" and an average price target of $11.25, up from previous estimates.

GSA Capital Partners LLP cut its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 49.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,631 shares of the company's stock after selling 102,026 shares during the period. GSA Capital Partners LLP owned about 0.07% of Coursera worth $704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Coursera in the 4th quarter worth about $17,010,000. Two Sigma Investments LP acquired a new stake in Coursera in the fourth quarter valued at approximately $8,710,000. Ameriprise Financial Inc. increased its position in 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 during the period. BNP Paribas Financial Markets bought a new position in Coursera during the fourth quarter worth $6,612,000. Finally, Pacer Advisors Inc. acquired a new stake in Coursera during the first quarter worth $4,132,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Wall Street Analyst Weigh In

COUR has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Monday, July 21st. Morgan Stanley raised their price target on Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Loop Capital boosted their price target on Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Cantor Fitzgerald boosted their price objective on Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $11.25.

Coursera Stock Up 5.5%

Shares of COUR stock traded up $0.68 on Wednesday, hitting $12.86. The company had a trading volume of 1,857,589 shares, compared to its average volume of 2,215,452. The firm has a market cap of $2.07 billion, a P/E ratio of -38.92 and a beta of 1.40. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $13.56. The company has a 50-day moving average price of $9.23 and a 200-day moving average price of $8.32.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%. The firm had revenue of $187.10 million for the quarter, compared to the consensus estimate of $180.52 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm's revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that Coursera, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, Director Sabrina Simmons sold 9,335 shares of the firm's stock in a transaction 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 sale, the director owned 50,215 shares in the company, valued at $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michele M. Meyers sold 12,500 shares of Coursera stock in a transaction on Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $145,000.00. Following the completion of the transaction, the chief accounting officer owned 253,351 shares in the company, valued at $2,938,871.60. The trade was a 4.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,270 shares of company stock valued at $356,087 over the last 90 days. Insiders own 16.80% of the company's stock.

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.