Coursera, Inc. (NYSE:COUR) Stock Holdings Lifted by Quest Partners LLC

Quest Partners LLC lifted its holdings in shares of Coursera, Inc. (NYSE:COUR) by 80.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,433 shares of the company’s stock after buying an additional 10,034 shares during the period. Quest Partners LLC’s holdings in Coursera were worth $161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COUR. CWM LLC grew its holdings in shares of Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares during the last quarter. Natixis acquired a new stake in Coursera in the first quarter worth $35,000. Covestor Ltd boosted its holdings in shares of Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after acquiring an additional 1,846 shares during the period. nVerses Capital LLC grew its position in shares of Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Coursera in the 1st quarter worth about $162,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the completion of the sale, the senior vice president now owns 207,434 shares in the company, valued at $1,715,479.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the sale, the director now owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the transaction, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,847 shares of company stock worth $274,832. Corporate insiders own 16.30% of the company’s stock.

Coursera Stock Up 1.8 %

Shares of Coursera stock opened at $7.91 on Monday. Coursera, Inc. has a 12-month low of $6.35 and a 12-month high of $21.26. The firm has a market capitalization of $1.23 billion, a PE ratio of -11.46 and a beta of 1.42. The stock’s fifty day moving average is $7.95 and its 200-day moving average is $9.63.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that Coursera, Inc. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on COUR shares. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Monday, July 22nd. BMO Capital Markets raised their target price on shares of Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group reduced their price target on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research note on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Coursera in a research note on Friday, July 26th. Finally, KeyCorp cut their target price on Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.10.

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.