Vanguard Group Inc. Grows Stake in Coursera, Inc. (NYSE:COUR)

Vanguard Group Inc. increased its holdings in shares of Coursera, Inc. (NYSE:COUR) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,151,684 shares of the company’s stock after purchasing an additional 536,890 shares during the quarter. Vanguard Group Inc. owned approximately 7.11% of Coursera worth $216,008,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its position in shares of Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after buying an additional 580 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Coursera in the fourth quarter valued at $204,000. Moran Wealth Management LLC purchased a new position in shares of Coursera during the fourth quarter worth about $208,000. JFG Wealth Management LLC acquired a new stake in shares of Coursera during the fourth quarter worth about $271,000. Finally, Versor Investments LP acquired a new stake in shares of Coursera during the fourth quarter worth about $279,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COUR has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Coursera in a research note on Friday, May 17th. BMO Capital Markets lowered their target price on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Truist Financial reduced their price target on shares of Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 30th. Cantor Fitzgerald lowered their price objective on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group reduced their target price on shares of Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Coursera presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.85.

Insider Activity

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $13.14, for a total transaction of $657,000.00. Following the transaction, the chief executive officer now directly owns 2,227,496 shares in the company, valued at $29,269,297.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Richard J. Jacquet sold 16,273 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $9.40, for a total value of $152,966.20. Following the sale, the senior vice president now directly owns 249,456 shares in the company, valued at approximately $2,344,886.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $13.14, for a total transaction of $657,000.00. Following the transaction, the chief executive officer now owns 2,227,496 shares of the company’s stock, valued at $29,269,297.44. The disclosure for this sale can be found here. Insiders sold 239,072 shares of company stock worth $2,688,797 in the last 90 days. 15.90% of the stock is currently owned by corporate insiders.

Coursera Trading Down 1.3 %

Shares of COUR opened at $7.07 on Tuesday. The stock’s 50 day moving average is $8.25 and its two-hundred day moving average is $13.69. Coursera, Inc. has a twelve month low of $6.35 and a twelve month high of $21.26. The firm has a market capitalization of $1.10 billion, a PE ratio of -10.24 and a beta of 1.44.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The firm had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. During the same quarter in the prior year, the company posted ($0.24) earnings per share. Coursera’s quarterly revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that Coursera, Inc. will post -0.45 EPS for the current year.

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.