Rhumbline Advisers Increases Stake in Coursera, Inc. (NYSE:COUR)

Rhumbline Advisers boosted its stake in shares of Coursera, Inc. (NYSE:COUR) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,843 shares of the company’s stock after acquiring an additional 9,069 shares during the quarter. Rhumbline Advisers owned 0.12% of Coursera worth $1,388,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of COUR. Victory Capital Management Inc. raised its position in Coursera by 25.4% during the fourth quarter. Victory Capital Management Inc. now owns 15,064 shares of the company’s stock valued at $292,000 after acquiring an additional 3,056 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Coursera by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 880,659 shares of the company’s stock valued at $17,058,000 after acquiring an additional 20,944 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Coursera by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock valued at $42,927,000 after acquiring an additional 328,030 shares in the last quarter. Principal Financial Group Inc. raised its position in Coursera by 45.6% during the fourth quarter. Principal Financial Group Inc. now owns 283,736 shares of the company’s stock valued at $5,496,000 after acquiring an additional 88,822 shares in the last quarter. Finally, Norges Bank purchased a new position in Coursera during the fourth quarter valued at approximately $52,804,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the business’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 transaction, the senior vice president now owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.27, for a total value 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 approximately $1,715,479.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,068 shares of company stock valued at $324,787. Insiders own 16.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group cut their price objective on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Friday, July 26th. Finally, BMO Capital Markets boosted their price objective on Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.73.

Coursera Stock Performance

Shares of COUR opened at $8.12 on Friday. Coursera, Inc. has a one year low of $6.35 and a one year high of $21.26. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -11.77 and a beta of 1.42. The stock has a 50 day moving average price of $8.04 and a 200 day moving average price of $9.45.

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