Pacer Advisors Inc. Purchases New Shares in Coursera, Inc. (NYSE:COUR)

Key Points

• Pacer Advisors Inc. has acquired a stake of approximately $4.13 million in Coursera, purchasing 620,415 shares, representing an ownership of 0.38%.
• Multiple analysts have raised their price targets on Coursera, with UBS Group setting it at $10.00 and Needham & Company at $11.00, reflecting a consensus rating of "Moderate Buy".
• Despite recent interest from institutional investors, Coursera's stock price has seen a decline of 3.8% recently, trading at $12.04 with a market cap of $1.94 billion.

Pacer Advisors Inc. bought a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 620,415 shares of the company's stock, valued at approximately $4,132,000. Pacer Advisors Inc. owned 0.38% of Coursera as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Bailard Inc. boosted its position in Coursera by 16.9% during the first quarter. Bailard Inc. now owns 104,502 shares of the company's stock valued at $696,000 after purchasing an additional 15,102 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Coursera by 111.3% during the first quarter. Victory Capital Management Inc. now owns 226,766 shares of the company's stock valued at $1,510,000 after buying an additional 119,452 shares during the last quarter. CWM LLC boosted its holdings in shares of Coursera by 13.7% in the 1st quarter. CWM LLC now owns 23,794 shares of the company's stock valued at $158,000 after buying an additional 2,872 shares in the last quarter. Xponance Inc. purchased a new position in shares of Coursera in the 1st quarter worth approximately $69,000. Finally, Cerity Partners LLC grew its position in shares of Coursera by 23.6% in the 1st quarter. Cerity Partners LLC now owns 31,560 shares of the company's stock worth $210,000 after buying an additional 6,021 shares during the last quarter. Institutional investors own 89.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group increased their target price on shares of Coursera from $8.50 to $10.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Cantor Fitzgerald increased their price objective on Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research report on Monday, July 21st. KeyCorp reaffirmed an "overweight" rating and set a $12.00 target price (up from $11.00) on shares of Coursera in a research report on Friday, July 25th. Finally, Royal Bank Of Canada increased their price target on Coursera from $10.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $11.25.

Coursera Trading Down 3.6%

Shares of COUR stock traded down $0.46 during trading hours on Friday, hitting $12.19. The company's stock had a trading volume of 2,410,879 shares, compared to its average volume of 2,184,382. The stock has a market cap of $1.97 billion, a PE ratio of -36.94 and a beta of 1.36. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $13.56. The company has a 50 day moving average of $9.01 and a 200 day moving average of $8.25.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $187.10 million for the quarter, compared to analyst estimates of $180.52 million. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The firm's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of Coursera stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the transaction, the director owned 50,215 shares of the company's stock, valued at approximately $425,823.20. The trade was a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total transaction of $52,773.65. Following the completion of the transaction, the senior vice president owned 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 disclosure for this sale can be found here. Over the last three months, insiders sold 37,270 shares of company stock valued at $356,087. 16.80% of the stock is currently owned by corporate insiders.

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.