nVerses Capital LLC Grows Stock Holdings in Coursera, Inc. (NYSE:COUR)

nVerses Capital LLC grew its holdings in shares of Coursera, Inc. (NYSE:COUR) by 77.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,400 shares of the company’s stock after purchasing an additional 6,700 shares during the period. nVerses Capital LLC’s holdings in Coursera were worth $122,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in COUR. Vanguard Group Inc. lifted its holdings in shares of Coursera by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after purchasing an additional 536,890 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Coursera in the 1st quarter worth approximately $2,355,000. Mutual of America Capital Management LLC raised its holdings 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 worth $3,191,000 after acquiring an additional 104,236 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Coursera by 72.1% in the 1st quarter. GSA Capital Partners LLP now owns 127,368 shares of the company’s stock worth $1,786,000 after acquiring an additional 53,362 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in Coursera by 479.9% in the 1st quarter. Quantbot Technologies LP now owns 119,288 shares of the company’s stock worth $1,672,000 after acquiring an additional 98,718 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Price Performance

NYSE:COUR opened at $7.67 on Monday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -11.12 and a beta of 1.42. Coursera, Inc. has a one year low of $6.35 and a one year high of $21.26. The business has a fifty day moving average price of $7.86 and a 200-day moving average price of $8.44.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, topping the consensus estimate 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 firm 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 business posted ($0.20) EPS. Coursera’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts expect that Coursera, Inc. will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction dated 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 owns 207,434 shares in the company, valued at $1,715,479.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction dated 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 owns 207,434 shares in the company, valued at $1,715,479.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 approximately $58,600,298.13. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,068 shares of company stock worth $324,787. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, July 22nd. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Coursera in a report on Friday, July 26th. BMO Capital Markets boosted their price objective on shares of Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Bank of America assumed coverage on shares of Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective for the company. Finally, Cantor Fitzgerald upgraded shares of Coursera to a “strong-buy” rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and a consensus price target of $14.73.

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.