Coursera, Inc. (NYSE:COUR) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Coursera, Inc. (NYSE:COUR) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing 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 period. Rhumbline Advisers’ holdings in Coursera were worth $1,388,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Waterfront Wealth Inc. acquired a new position in Coursera during the 2nd quarter worth about $577,000. nVerses Capital LLC lifted its stake in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in Coursera during the 2nd quarter worth about $3,162,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Coursera by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,243 shares of the company’s stock worth $181,000 after acquiring an additional 3,375 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Coursera by 15.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,760 shares of the company’s stock worth $3,385,000 after purchasing an additional 62,312 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 6,285 shares of the company’s 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 directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Coursera news, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. 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

COUR opened at $8.12 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of -11.77 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’s 50-day simple moving average is $8.04 and its 200-day simple moving average is $9.45.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.20) EPS. As a group, analysts predict that Coursera, Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COUR shares. BMO Capital Markets upped their price target on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. KeyCorp cut their price target on Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and set a $18.00 price target on shares of Coursera in a report on Friday, July 26th. Telsey Advisory Group restated an “outperform” rating and set a $18.00 price target on shares of Coursera in a report on Monday, July 22nd. Finally, Bank of America started coverage on Coursera in a report on Thursday. They set a “buy” rating and a $11.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and a consensus target price 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.