Nuveen Asset Management LLC Reduces Stock Position in Coursera, Inc. (NYSE:COUR)

Nuveen Asset Management LLC lowered its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 30.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,780,508 shares of the company's stock after selling 770,877 shares during the period. Nuveen Asset Management LLC owned about 1.12% of Coursera worth $15,134,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in Coursera during the fourth quarter worth about $17,010,000. Ameriprise Financial Inc. increased its position in Coursera by 253.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock worth $12,107,000 after purchasing an additional 1,020,969 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Coursera in the 4th quarter valued at approximately $6,612,000. Senvest Management LLC boosted its position in Coursera by 89.0% in the fourth quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock valued at $10,326,000 after buying an additional 571,992 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Coursera by 61,498.1% during the fourth quarter. Federated Hermes Inc. now owns 478,001 shares of the company's stock worth $4,063,000 after buying an additional 477,225 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

Coursera Trading Down 0.5%

NYSE:COUR traded down $0.05 on Friday, reaching $8.95. 157,008 shares of the stock traded hands, compared to its average volume of 1,861,333. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -17.20 and a beta of 1.38. Coursera, Inc. has a 1-year low of $5.76 and a 1-year high of $11.74. The company's 50 day moving average is $7.79 and its 200-day moving average is $7.96.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The firm had revenue of $179.30 million for the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COUR shares. Morgan Stanley increased their price target on Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Bank of America reissued an "underperform" rating and set a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. UBS Group boosted their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $12.00 target price on shares of Coursera in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.31.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction dated 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 now owns 293,368 shares of the company's stock, valued at approximately $2,537,633.20. This trade represents a 2.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $79,160.80. Following the completion of the sale, the director now directly owns 50,215 shares of the company's stock, valued at approximately $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,770 shares of company stock valued at $211,087. Corporate 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.