OMERS ADMINISTRATION Corp Acquires Shares of 279,999 Coursera, Inc. $COUR

Key Points

• OMERS Administration Corp. acquired 279,999 Coursera shares worth approximately $1.58 million, representing about 0.17% of the company. Institutional investors collectively own 89.55% of Coursera.
• Coursera reported quarterly revenue of $298.6 million, up 59.6% year over year, and EPS of $0.17 versus analysts’ $0.10 estimate. The company also authorized a $500 million share-repurchase program covering up to 55.9% of outstanding shares.
• Coursera shares opened at $6.04 and remain near their 12-month low of $5.00; analysts maintain a “Moderate Buy” consensus with an average price target of $8.55.

OMERS ADMINISTRATION Corp bought a new stake in Coursera, Inc. (NYSE:COUR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 279,999 shares of the company's stock, valued at approximately $1,579,000. OMERS ADMINISTRATION Corp owned approximately 0.17% of Coursera as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in COUR. Aster Capital Management DIFC Ltd bought a new position in Coursera during the 4th quarter valued at about $25,000. Optiver Holding B.V. bought a new stake in Coursera during the first quarter worth about $31,000. Versant Capital Management Inc increased its holdings in shares of Coursera by 63.2% during the second 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 increased its holdings in shares of Coursera by 224.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company's stock worth $36,000 after buying an additional 3,415 shares in the last quarter. Finally, Clearstead Trust LLC bought a new position in shares of Coursera in the fourth quarter valued at approximately $39,000. Institutional investors own 89.55% of the company's stock.

Coursera Stock Down 2.4%

Coursera stock opened at $6.04 on Thursday. The business's 50-day simple moving average is $5.71 and its 200 day simple moving average is $5.78. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -9.01, a P/E/G ratio of 0.78 and a beta of 1.24. Coursera, Inc. has a 12-month low of $5.00 and a 12-month high of $12.32.

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, beating analysts' consensus estimates of $0.10 by $0.07. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The company had revenue of $298.60 million for the quarter, compared to the consensus estimate of $293.61 million. During the same period in the prior year, the company posted $0.12 EPS. The company's revenue was up 59.6% compared to the same quarter last year. As a group, sell-side analysts expect that Coursera, Inc. will post 0.16 EPS for the current year.

Coursera announced that its Board of Directors has approved a share repurchase program on Monday, May 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 55.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 236,237 shares of the company's stock, valued at approximately $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on COUR shares. Needham & Company LLC reissued a "buy" rating and issued a $10.00 target price on shares of Coursera in a report on Wednesday, June 24th. Zacks Research cut Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday. Wall Street Zen raised Coursera from a "hold" rating to a "buy" rating in a research note on Sunday, August 2nd. Royal Bank Of Canada restated an "outperform" rating and set a $7.00 target price on shares of Coursera in a report on Wednesday, June 24th. Finally, Weiss Ratings cut Coursera from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Coursera currently has an average rating of "Moderate Buy" and a consensus price target of $8.55.

About Coursera

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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