Penn Capital Management Company LLC Invests $635,000 in Coursera, Inc. (NYSE:COUR)

Penn Capital Management Company LLC acquired a new stake in Coursera, Inc. (NYSE:COUR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 74,709 shares of the company's stock, valued at approximately $635,000.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in Coursera by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after buying an additional 440,948 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coursera by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock valued at $23,214,000 after acquiring an additional 199,050 shares in the last quarter. Norges Bank acquired a new position in shares of Coursera during the fourth quarter worth about $17,010,000. Senvest Management LLC lifted its position in 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 purchasing an additional 571,992 shares during the period. Finally, Barclays PLC lifted its position in Coursera by 25.0% in the fourth quarter. Barclays PLC now owns 1,202,335 shares of the company's stock valued at $10,220,000 after purchasing an additional 240,213 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Stock Performance

Coursera stock traded up $0.01 during midday trading on Wednesday, reaching $8.44. 710,171 shares of the company were exchanged, compared to its average volume of 2,350,313. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -16.23 and a beta of 1.42. The firm's 50-day simple moving average is $7.23 and its 200-day simple moving average is $7.75. 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 posted its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The business had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The company's revenue was up 6.0% on a year-over-year basis. On average, analysts forecast that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

COUR has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price 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 reiterated an "outperform" rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Finally, Bank of America restated an "underperform" rating and set a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $9.52.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 16.80% of the company's stock.

About Coursera

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.