SG Americas Securities LLC Purchases New Position in Coursera, Inc. (NYSE:COUR)

SG Americas Securities LLC purchased a new stake in Coursera, Inc. (NYSE:COUR) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 52,508 shares of the company’s stock, valued at approximately $417,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Coursera in the 2nd quarter valued at $2,545,000. Point72 Asset Management L.P. purchased a new position in Coursera in the 2nd quarter valued at about $441,000. Quarry LP boosted its position in Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after buying an additional 9,357 shares during the last quarter. Algert Global LLC boosted its position in Coursera by 22.9% in the 2nd quarter. Algert Global LLC now owns 404,114 shares of the company’s stock valued at $2,893,000 after buying an additional 75,299 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Coursera in the 2nd quarter valued at about $421,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were 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 $58,600,298.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the sale, the director now owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock valued at $324,787 over the last quarter. Insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

COUR has been the subject of a number of analyst reports. KeyCorp decreased their price objective on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Bank of America initiated coverage on shares of Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective for the company. The Goldman Sachs Group decreased their price objective on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Friday, July 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Coursera in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.73.

Coursera Stock Up 2.7 %

Shares of NYSE COUR opened at $7.64 on Friday. The firm’s 50-day moving average price is $7.87 and its two-hundred day moving average price is $8.56. Coursera, Inc. has a 52-week low of $6.35 and a 52-week high of $21.26. The stock has a market capitalization of $1.19 billion, a P/E ratio of -11.07 and a beta of 1.42.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $164.67 million. During the same quarter last year, the company posted ($0.20) earnings per share. Coursera’s revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts expect that Coursera, Inc. will post -0.44 earnings per share for the current year.

About Coursera

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.