SG Americas Securities LLC lifted its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 61.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,743 shares of the company's stock after buying an additional 53,534 shares during the period. SG Americas Securities LLC owned about 0.09% of Coursera worth $937,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming raised its stake 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 acquiring an additional 3,520 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Coursera during the 4th quarter valued at approximately $35,000. Wealth Enhancement Advisory Services LLC acquired a new position in Coursera during the 4th quarter worth approximately $86,000. 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. 89.55% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on COUR. Morgan Stanley restated an "equal weight" rating and set a $11.00 price objective (up previously from $10.00) on shares of Coursera in a research report on Thursday, June 5th. Bank of America restated an "underperform" rating and set a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 price target on shares of Coursera in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.40.
View Our Latest Research Report on Coursera
Insider Transactions at Coursera
In related news, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction dated Tuesday, May 20th. The shares were 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 now owns 293,368 shares in the company, valued at approximately $2,537,633.20. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sabrina Simmons sold 9,335 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 value of $79,160.80. Following the sale, the director now owns 50,215 shares in the company, valued at approximately $425,823.20. This represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,770 shares of company stock valued at $211,087 over the last ninety days. 16.80% of the stock is currently owned by insiders.
Coursera Stock Performance
Shares of NYSE COUR traded down $0.08 during trading on Thursday, hitting $8.27. 896,573 shares of the company traded hands, compared to its average volume of 2,185,826. The business's fifty day moving average is $8.36 and its 200 day moving average is $8.09. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.74. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -19.22 and a beta of 1.38.
Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. The firm had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. During the same quarter last year, the firm posted $0.07 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.
About Coursera
(
Free Report)
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.
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