OMERS ADMINISTRATION Corp Cuts Stake in Coursera, Inc. (NYSE:COUR)

OMERS ADMINISTRATION Corp lessened its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 39.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,700 shares of the company's stock after selling 95,900 shares during the period. OMERS ADMINISTRATION Corp owned 0.09% of Coursera worth $1,264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its stake in Coursera by 24.4% during the third quarter. Barclays PLC now owns 962,122 shares of the company's stock worth $7,640,000 after buying an additional 188,911 shares during the period. Franklin Resources Inc. bought a new position in Coursera in the 3rd quarter worth approximately $1,651,000. SG Americas Securities LLC increased its stake in Coursera by 66.1% during the 4th quarter. SG Americas Securities LLC now owns 87,209 shares of the company's stock valued at $741,000 after buying an additional 34,701 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Coursera by 15.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company's stock worth $1,036,000 after purchasing an additional 16,724 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of 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 buying an additional 4,376 shares during the period. 89.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares of the company's stock, valued at $1,490,211.38. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.80% of the stock is currently owned by company insiders.

Coursera Stock Down 1.1%

NYSE:COUR traded down $0.10 during trading hours on Tuesday, hitting $8.66. 1,904,994 shares of the company traded hands, compared to its average volume of 2,300,627. The firm's 50-day simple moving average is $7.54 and its 200-day simple moving average is $7.89. Coursera, Inc. has a one year low of $5.76 and a one year high of $11.74. The company has a market cap of $1.40 billion, a PE ratio of -16.65 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The company had revenue of $179.30 million for the quarter, compared to analysts' expectations of $175.60 million. During the same period in the previous year, the business posted $0.07 EPS. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that Coursera, Inc. will post -0.28 EPS for the current year.

Analysts Set New Price Targets

COUR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Telsey Advisory Group restated an "outperform" rating and set a $12.00 target price on shares of Coursera in a report on Tuesday, April 22nd. UBS Group raised their price objective on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Morgan Stanley raised their price objective on Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $10.00 price objective on shares of Coursera in a research report on Friday, January 31st. Two 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.31.

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.