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

Coursera logo with Business Services background

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.

Check Out Our Latest Analysis on COUR

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.

Further Reading

Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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