Arizona State Retirement System Has $268,000 Stake in Coursera, Inc. (NYSE:COUR)

Arizona State Retirement System increased its stake in shares of Coursera, Inc. (NYSE:COUR) by 37.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,436 shares of the company’s stock after acquiring an additional 10,186 shares during the period. Arizona State Retirement System’s holdings in Coursera were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Coursera by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,216,066 shares of the company’s stock valued at $42,927,000 after buying an additional 328,030 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Coursera by 84.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock valued at $3,191,000 after buying an additional 104,236 shares during the last quarter. M&G Plc acquired a new stake in Coursera in the 2nd quarter valued at $5,048,000. Gilder Gagnon Howe & Co. LLC increased its stake in Coursera by 164.6% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after buying an additional 1,098,701 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Coursera by 461.8% in the 1st quarter. SG Americas Securities LLC now owns 80,360 shares of the company’s stock valued at $1,127,000 after buying an additional 66,056 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COUR. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research note on Monday, July 22nd. BMO Capital Markets lifted their price objective on shares of Coursera from $10.00 to $11.00 and gave the company an “outperform” rating 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. 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. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.10.

Coursera Stock Performance

Shares of COUR stock opened at $7.98 on Wednesday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -11.57 and a beta of 1.42. The company has a 50-day simple moving average of $7.98 and a 200 day simple moving average of $9.52. Coursera, Inc. has a 52 week low of $6.35 and a 52 week high of $21.26.

Coursera (NYSE:COUR) last announced its 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 business had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. Coursera’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) EPS. Sell-side analysts forecast that Coursera, Inc. will post -0.44 EPS for the current year.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction dated 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 sale, the senior vice president now owns 207,434 shares in the company, valued at approximately $1,715,479.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Andrew Y. Ng sold 25,000 shares of the business’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 completion of the transaction, the director now directly owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were 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 owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The disclosure for this sale can be found here. Insiders sold 32,847 shares of company stock worth $274,832 in the last quarter. 16.30% of the stock is currently owned by corporate insiders.

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.