Marshall Wace LLP acquired a new stake in Coursera, Inc. (NYSE:COUR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 284,422 shares of the company's stock, valued at approximately $2,418,000. Marshall Wace LLP owned 0.18% of Coursera at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Jump Financial LLC grew its holdings in Coursera by 582.9% during the fourth quarter. Jump Financial LLC now owns 213,753 shares of the company's stock worth $1,817,000 after purchasing an additional 182,453 shares during the period. Senvest Management LLC lifted its position in shares of Coursera by 89.0% in the fourth quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock valued at $10,326,000 after buying an additional 571,992 shares during the last quarter. Barclays PLC boosted its stake in shares of Coursera by 25.0% during the 4th quarter. Barclays PLC now owns 1,202,335 shares of the company's stock worth $10,220,000 after acquiring an additional 240,213 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Coursera during the 4th quarter worth approximately $390,000. Finally, Bank of Nova Scotia bought a new stake in Coursera in the 4th quarter valued at $96,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 $1,490,211.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.80% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. Bank of America restated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. JPMorgan Chase & Co. decreased their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Coursera currently has a consensus rating of "Hold" and an average price target of $9.31.
Get Our Latest Stock Analysis on COUR
Coursera Stock Performance
Shares of NYSE COUR traded up $0.19 during mid-day trading on Friday, reaching $8.60. The company had a trading volume of 388,339 shares, compared to its average volume of 2,317,163. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -16.51 and a beta of 1.42. The business's 50-day simple moving average is $7.24 and its 200 day simple moving average is $7.76. Coursera, Inc. has a one year low of $5.76 and a one year high of $11.74.
Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. The firm had revenue of $179.30 million for the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. On average, sell-side analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.
Coursera Company Profile
(
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.
Recommended Stories
Before you consider Coursera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coursera wasn't on the list.
While Coursera currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
