SG Americas Securities LLC Buys 53,534 Shares of Coursera, Inc. (NYSE:COUR)

SG Americas Securities LLC lifted its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 61.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,743 shares of the company's stock after acquiring an additional 53,534 shares during the period. SG Americas Securities LLC owned approximately 0.09% of Coursera worth $937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming raised its position in Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock valued at $33,000 after buying an additional 3,520 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Coursera during the 4th quarter worth approximately $35,000. Pallas Capital Advisors LLC acquired a new stake in shares of Coursera in the first quarter valued at approximately $71,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Coursera in the fourth quarter worth $86,000. Finally, Bank of Nova Scotia bought a new stake in shares of Coursera in the fourth quarter worth $96,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on COUR. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Coursera in a research report on Friday, April 25th. Bank of America restated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $11.00 target price (up previously from $10.00) on shares of Coursera in a research report on Thursday, June 5th. JPMorgan Chase & Co. reduced their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $12.00 price target on shares of Coursera in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9.40.

Insider Activity

In related news, SVP Alan B. Cardenas sold 6,101 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president now directly 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 legal filing with the SEC, which is accessible through this link. Also, Director Sabrina Simmons sold 9,335 shares of the business'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 $79,160.80. Following the completion of the sale, the director now directly owns 50,215 shares of the company's stock, valued at $425,823.20. This represents a 15.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,770 shares of company stock valued at $211,087. 16.80% of the stock is owned by insiders.

Coursera Price Performance

COUR stock traded up $0.03 during midday trading on Friday, reaching $8.29. 1,960,104 shares of the company were exchanged, compared to its average volume of 2,175,374. Coursera, Inc. has a one year low of $5.76 and a one year high of $11.74. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -19.28 and a beta of 1.38. The business has a 50-day moving average price of $8.42 and a two-hundred day moving average price of $8.08.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. Coursera's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 EPS. As a group, analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

About Coursera

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.