Renaissance Technologies LLC acquired a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,900 shares of the company's stock, valued at approximately $390,000.
Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Coursera in the fourth quarter worth approximately $35,000. KBC Group NV boosted its stake in shares of Coursera by 90.7% in the 4th 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 last quarter. Bank of Nova Scotia bought a new stake in shares of Coursera in the fourth quarter worth $96,000. New York State Teachers Retirement System purchased a new stake in Coursera during the fourth quarter valued at $107,000. Finally, Cibc World Markets Corp bought a new position in Coursera in the fourth quarter valued at about $109,000. 89.55% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. 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. Bank of America reiterated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. 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 note on Tuesday, April 8th. Finally, UBS Group upped their price target on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating 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 assigned a buy rating to the company. According to data from MarketBeat, Coursera currently has a consensus rating of "Hold" and an average target price of $9.31.
View Our Latest Analysis on COUR
Insiders Place Their Bets
In other news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.80% of the company's stock.
Coursera Trading Up 1.3 %
Shares of COUR stock opened at $8.52 on Monday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -16.38 and a beta of 1.42. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $11.74. The stock's 50-day moving average price is $7.25 and its 200-day moving average price is $7.77.
Coursera (NYSE:COUR - Get Free Report) last released 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. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The business had revenue of $179.30 million for the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the previous year, the company posted $0.07 EPS. The company's revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that Coursera, Inc. will post -0.28 EPS for the current fiscal year.
About Coursera
(
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
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