Pacer Advisors Inc. Invests $4.13 Million 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. acquired a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming lifted its position in Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after purchasing an additional 3,520 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Coursera in the fourth quarter worth about $86,000. Xponance Inc. bought a new position in shares of Coursera in the first quarter worth about $69,000. Pallas Capital Advisors LLC bought a new position in Coursera in the 1st quarter valued at approximately $71,000. Finally, Bank of Nova Scotia bought a new position in Coursera in the 4th quarter valued at approximately $96,000. Institutional investors own 89.55% of the company's stock.

Wall Street Analysts Forecast Growth

COUR has been the subject of a number of recent analyst reports. 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. Wall Street Zen raised shares of Coursera from a "hold" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price target on shares of Coursera in a research report on Monday, July 21st. Loop Capital lifted their price target on shares of Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Friday. Finally, Scotiabank lifted their price target on shares of Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.25.

Coursera Stock Down 3.8%

NYSE:COUR traded down $0.47 during trading hours on Tuesday, hitting $12.04. 5,144,405 shares of the company traded hands, compared to its average volume of 3,928,573. The firm's 50-day simple moving average is $8.86 and its 200-day simple moving average is $8.19. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The company has a market cap of $1.94 billion, a PE ratio of -36.47 and a beta of 1.36.

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

Insiders Place Their Bets

In other Coursera news, Director Amanda Clark sold 9,334 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,152.32. Following the sale, the director directly owned 85,573 shares of the company's stock, valued at $725,659.04. This represents a 9.83% 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 dated Friday, July 25th. The stock was sold at an average price of $11.60, for a total transaction of $145,000.00. Following the completion of the transaction, the chief accounting officer owned 253,351 shares of the company's stock, 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. Over the last 90 days, insiders have sold 37,270 shares of company stock valued at $356,087. 16.80% of the stock is currently owned by company 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.