Renaissance Technologies LLC Invests $390,000 in Coursera, Inc. (NYSE:COUR)

Renaissance Technologies LLC bought a new position 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 fund bought 45,900 shares of the company's stock, valued at approximately $390,000.

Several other institutional investors also recently bought and sold shares of COUR. SBI Securities Co. Ltd. acquired a new position in shares of Coursera during the fourth quarter worth approximately $35,000. KBC Group NV raised 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 purchasing an additional 4,376 shares during the period. Bank of Nova Scotia acquired a new stake in Coursera during the 4th quarter worth $96,000. New York State Teachers Retirement System acquired a new position in Coursera in the fourth quarter valued at about $107,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Coursera during the fourth quarter worth about $109,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Price Performance

Shares of COUR traded up $0.03 during trading hours on Friday, hitting $8.94. The company's stock had a trading volume of 341,633 shares, compared to its average volume of 2,300,556. The business has a 50 day simple moving average of $7.32 and a two-hundred day simple moving average of $7.80. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $11.74. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -17.19 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.12 EPS 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 firm had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same period in the previous year, the business earned $0.07 EPS. The business's revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

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 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 owns 180,413 shares in the company, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.80% of the company's stock.

Analyst Ratings Changes

COUR has been the topic of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and set a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. Bank of America reissued an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. UBS Group lifted their target price on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.