Coursera (NYSE:COUR) Major Shareholder Pale Fire Capital Se Buys 1,332,742 Shares of Company Stock

Key Points

• Pale Fire Capital increased its Coursera stake by purchasing 1,332,742 shares at an average $5.06 each, worth approximately $6.74 million. The shareholder’s direct ownership rose 5.03% to 27.8 million shares, and it later bought another 1 million shares at $4.61.
• Coursera shares traded near $4.65, close to their 12-month low of $4.53 and well below the 12-month high of $12.20. The stock has declined below its 50- and 200-day moving averages despite a quarterly revenue increase of 59.6% year over year.
• Analyst sentiment remains moderately positive, with seven Buy, four Hold, and one Sell rating; the consensus price target is $8.55. Institutional investors own approximately 89.55% of Coursera’s outstanding shares.

Coursera, Inc. (NYSE:COUR - Get Free Report) major shareholder Pale Fire Capital Se bought 1,332,742 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were purchased at an average cost of $5.06 per share, with a total value of $6,743,674.52. Following the purchase, the insider directly owned 27,806,415 shares of the company's stock, valued at $140,700,459.90. The trade was a 5.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Pale Fire Capital Se also recently made the following trade(s):

• On Tuesday, September 29th, Pale Fire Capital Se bought 1,000,000 shares of Coursera stock. The stock was purchased at an average price of $4.61 per share, for a total transaction of $4,610,000.00.

Coursera Stock Up 0.2%

COUR traded up $0.01 during trading on Tuesday, reaching $4.65. 13,208,306 shares of the stock traded hands, compared to its average volume of 5,950,589. The stock's 50-day moving average is $5.63 and its 200 day moving average is $5.68. Coursera, Inc. has a 12 month low of $4.53 and a 12 month high of $12.20. The stock has a market capitalization of $1.23 billion, a PE ratio of -6.94, a P/E/G ratio of 0.64 and a beta of 1.26.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. During the same period last year, the company posted $0.12 EPS. The business's quarterly revenue was up 59.6% on a year-over-year basis. As a group, equities research analysts anticipate that Coursera, Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Coursera

A number of hedge funds have recently added to or reduced their stakes in COUR. Optiver Holding B.V. acquired a new position in shares of Coursera during the first quarter worth approximately $31,000. Versant Capital Management Inc increased its stake in Coursera by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company's stock valued at $31,000 after purchasing an additional 2,152 shares in the last quarter. IFP Advisors Inc raised its holdings in Coursera by 299.7% during the second quarter. IFP Advisors Inc now owns 5,912 shares of the company's stock worth $33,000 after buying an additional 4,433 shares during the last quarter. Allworth Financial LP acquired a new position in Coursera during the second quarter worth $40,000. Finally, Benjamin Edwards Inc. bought a new position in shares of Coursera in the second quarter valued at $57,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Coursera from a "hold" rating to a "buy" rating in a research report on Saturday, September 19th. Zacks Research downgraded shares of Coursera from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 24th. Bank of America cut their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 30th. The Goldman Sachs Group upgraded shares of Coursera from a "sell" rating to a "neutral" rating and raised their price target for the stock from $5.50 to $6.50 in a report on Monday, August 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Coursera presently has an average rating of "Moderate Buy" and a consensus target price of $8.55.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor's and master's degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.

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