Susquehanna Fundamental Investments LLC Purchases New Shares in Coursera, Inc. (NYSE:COUR)

Susquehanna Fundamental Investments LLC purchased a new stake in Coursera, Inc. (NYSE:COUR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 400,120 shares of the company's stock, valued at approximately $3,401,000. Susquehanna Fundamental Investments LLC owned 0.25% of Coursera at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in Coursera in the fourth quarter valued at about $35,000. KBC Group NV boosted its holdings in shares of Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after buying an additional 4,376 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of Coursera in the 4th quarter worth approximately $96,000. New York State Teachers Retirement System bought a new position in shares of Coursera during the 4th quarter worth approximately $107,000. Finally, Cibc World Markets Corp purchased a new stake in Coursera during the fourth quarter valued at approximately $109,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Stock Up 1.3 %

Shares of NYSE:COUR traded up $0.11 during midday trading on Friday, reaching $8.52. The company's stock had a trading volume of 2,022,956 shares, compared to its average volume of 2,317,113. The stock has a fifty day moving average of $7.25 and a 200 day moving average of $7.77. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $11.74. The firm has a market capitalization of $1.37 billion, a PE ratio of -16.38 and a beta of 1.42.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. The company had revenue of $179.30 million for the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. Sell-side analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction on Wednesday, February 19th. The shares were 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 of the company's stock, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of recent analyst reports. Bank of America reaffirmed an "underperform" rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Morgan Stanley raised their price target on Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Friday, April 25th. Two 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. Based on data from MarketBeat.com, Coursera has an average rating of "Hold" and a consensus price target of $9.31.

Coursera 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.