Seven Eight Capital LP Decreases Stake in Coursera, Inc. (NYSE:COUR)

Seven Eight Capital LP cut its stake in Coursera, Inc. (NYSE:COUR) by 31.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,808 shares of the company’s stock after selling 31,588 shares during the period. Seven Eight Capital LP’s holdings in Coursera were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. nVerses Capital LLC lifted its stake 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 buying an additional 1,800 shares during the period. Covestor Ltd lifted its position in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after acquiring an additional 1,846 shares during the period. ProShare Advisors LLC grew its stake in Coursera by 10.3% during the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after purchasing an additional 2,224 shares during the last quarter. Natixis acquired a new position in shares of Coursera in the first quarter valued at about $35,000. Finally, Moody National Bank Trust Division increased its holdings in shares of Coursera by 11.4% in the first quarter. Moody National Bank Trust Division now owns 27,451 shares of the company’s stock valued at $385,000 after purchasing an additional 2,804 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 directly 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 Securities & Exchange Commission, which is available at this link. Also, SVP Alan B. Cardenas sold 6,285 shares of Coursera stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 39,068 shares of company stock valued at $324,787 in the last three months. 16.30% of the stock is currently owned by company insiders.

Coursera Stock Performance

Shares of Coursera stock opened at $8.12 on Monday. Coursera, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $21.26. The company has a market cap of $1.27 billion, a P/E ratio of -11.77 and a beta of 1.42. The firm has a 50-day simple moving average of $8.04 and a two-hundred day simple moving average of $9.41.

Coursera (NYSE:COUR) last issued its quarterly 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 return on equity of 13.92% and a negative net margin of 14.35%. The company had revenue of $170.30 million for the quarter, compared to the consensus estimate of $164.67 million. During the same quarter in the prior year, the business posted ($0.20) earnings per share. Coursera’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities research analysts forecast that Coursera, Inc. will post -0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on COUR shares. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Coursera in a report on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, July 22nd. Bank of America started coverage on shares of Coursera in a research report on Thursday. They set a “buy” rating and a $11.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of Coursera in a research report on Friday, July 26th. Finally, KeyCorp reduced their price objective on Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coursera has a consensus rating of “Moderate Buy” and a consensus target price of $14.73.

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.