XTX Topco Ltd Buys New Shares in Coursera, Inc. (NYSE:COUR)

Key Points

• XTX Topco Ltd invested $436,000 in Coursera, Inc., acquiring 65,491 shares in the first quarter, indicating growing interest from institutional investors.
• Coursera's shares recently traded at $12.09, experiencing a 4.8% decline, with the company having a market capitalization of $1.95 billion and a P/E ratio of -36.62.
• Analysts have increased their price targets for Coursera, with the consensus rating at "Moderate Buy" and an average target price of $11.25 following positive earnings results.

XTX Topco Ltd bought a new stake in Coursera, Inc. (NYSE:COUR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 65,491 shares of the company's stock, valued at approximately $436,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC grew its stake in shares of Coursera by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 38,746 shares of the company's stock valued at $329,000 after purchasing an additional 12,749 shares during the last quarter. Jump Financial LLC grew its stake in shares of Coursera by 582.9% in the 4th quarter. Jump Financial LLC now owns 213,753 shares of the company's stock valued at $1,817,000 after purchasing an additional 182,453 shares during the last quarter. Penn Capital Management Company LLC purchased a new position in shares of Coursera in the 4th quarter valued at approximately $635,000. Franklin Resources Inc. grew its stake in shares of Coursera by 19.6% in the 4th quarter. Franklin Resources Inc. now owns 260,866 shares of the company's stock valued at $2,217,000 after purchasing an additional 42,765 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Coursera by 34.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,649 shares of the company's stock valued at $91,000 after purchasing an additional 3,521 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Michele M. Meyers sold 12,500 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $11.60, for a total value of $145,000.00. Following the completion of the transaction, the chief accounting officer directly owned 253,351 shares of the company's stock, valued at $2,938,871.60. The trade was a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the completion of the transaction, the senior vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,270 shares of company stock valued at $356,087. 16.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on COUR shares. Needham & Company LLC restated a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, July 21st. Loop Capital lifted their price target on Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Scotiabank lifted their price target on Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Cantor Fitzgerald lifted their price target on Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Morgan Stanley lifted their price target on Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $11.25.

Coursera Stock Performance

COUR stock traded up $0.06 during midday trading on Friday, hitting $12.15. 2,482,212 shares of the stock were exchanged, compared to its average volume of 4,972,583. The stock's 50-day moving average price is $9.44 and its 200-day moving average price is $8.40. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -36.82 and a beta of 1.40. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%. The firm had revenue of $187.10 million during the quarter, compared to analysts' expectations of $180.52 million. During the same period in the previous year, the firm posted $0.09 earnings per share. Coursera's revenue was up 9.9% on a year-over-year basis. Research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.

Coursera 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.