Invenomic Capital Management LP Decreases Stake in Coursera, Inc. (NYSE:COUR)

Invenomic Capital Management LP lowered its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,316,713 shares of the company's stock after selling 373,650 shares during the quarter. Coursera comprises 0.9% of Invenomic Capital Management LP's holdings, making the stock its 25th largest holding. Invenomic Capital Management LP owned 1.46% of Coursera worth $19,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Coursera in the fourth quarter worth about $35,000. KBC Group NV boosted its holdings in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after acquiring an additional 4,376 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of Coursera in the fourth quarter worth about $96,000. Ethic Inc. purchased a new position in shares of Coursera in the fourth quarter worth about $102,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Coursera in the fourth quarter worth about $107,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research note on Friday, April 25th. Bank of America reiterated an "underperform" rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Royal Bank of Canada reiterated an "outperform" rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Telsey Advisory Group reiterated an "outperform" rating and set a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Finally, Morgan Stanley lifted their price target on Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Coursera presently has a consensus rating of "Hold" and an average price target of $9.31.

Coursera Trading Down 0.2%

NYSE:COUR traded down $0.02 during trading hours on Wednesday, hitting $9.08. The company had a trading volume of 388,452 shares, compared to its average volume of 2,301,484. The company has a 50-day moving average of $7.40 and a 200 day moving average of $7.84. The company has a market cap of $1.46 billion, a P/E ratio of -17.41 and a beta of 1.38. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. On average, analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.80% of the stock is 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.