Nuveen Asset Management LLC Sells 770,877 Shares of Coursera, Inc. (NYSE:COUR)

Nuveen Asset Management LLC lowered its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,780,508 shares of the company's stock after selling 770,877 shares during the period. Nuveen Asset Management LLC owned approximately 1.12% of Coursera worth $15,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COUR. Norges Bank bought a new position in Coursera during the fourth quarter worth about $17,010,000. Ameriprise Financial Inc. boosted its holdings 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 buying an additional 1,020,969 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Coursera during the fourth quarter worth about $6,612,000. Senvest Management LLC raised its position in Coursera by 89.0% in the 4th 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 during the last quarter. Finally, Federated Hermes Inc. raised its position in Coursera by 61,498.1% in the 4th quarter. Federated Hermes Inc. now owns 478,001 shares of the company's stock valued at $4,063,000 after buying an additional 477,225 shares during the last quarter. Institutional investors own 89.55% of the company's stock.

Coursera Trading Up 2.1%

COUR traded up $0.19 on Thursday, reaching $9.03. The stock had a trading volume of 896,297 shares, compared to its average volume of 2,280,566. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.74. The firm has a 50-day moving average of $7.76 and a 200-day moving average of $7.95. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -17.38 and a beta of 1.38.

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

Insider Activity

In related news, Director Amanda Clark sold 9,334 shares of the firm'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 transaction of $79,152.32. Following the completion of the sale, the director now owns 85,573 shares of the company's stock, valued at $725,659.04. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the sale, the senior vice president now directly owns 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. Over the last quarter, insiders sold 24,770 shares of company stock valued at $211,087. Company insiders own 16.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COUR. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price target on shares of Coursera in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. UBS Group boosted their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Finally, Morgan Stanley boosted their price target on Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Coursera has a consensus rating of "Hold" and a consensus price target of $9.31.

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.