Squarepoint Ops LLC Purchases Shares of 527,043 Coursera, Inc. $COUR

Squarepoint Ops LLC purchased a new position in shares of Coursera, Inc. (NYSE:COUR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 527,043 shares of the company’s stock, valued at approximately $4,617,000. Squarepoint Ops LLC owned 0.33% of Coursera 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 COUR. The Manufacturers Life Insurance Company increased its stake in Coursera by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after purchasing an additional 1,027 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Coursera by 5.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company’s stock valued at $182,000 after buying an additional 1,110 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock valued at $32,000 after acquiring an additional 1,852 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Coursera by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after acquiring an additional 2,847 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of Coursera by 85.9% during the 1st quarter. State of Wyoming now owns 7,227 shares of the company’s stock worth $48,000 after acquiring an additional 3,340 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on COUR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price target on shares of Coursera in a report on Friday, October 3rd. UBS Group upped their price objective on Coursera from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Coursera in a report on Wednesday, November 26th. Finally, Zacks Research downgraded Coursera from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coursera presently has an average rating of “Hold” and an average price target of $12.36.

Insider Activity

In related news, CAO Michele M. Meyers sold 3,500 shares of the firm’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $10.27, for a total transaction of $35,945.00. Following the sale, the chief accounting officer directly owned 234,295 shares in the company, valued at approximately $2,406,209.65. This trade represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 16.80% of the company’s stock.

Coursera Trading Down 2.8%

NYSE:COUR opened at $7.86 on Tuesday. The firm’s fifty day simple moving average is $8.78 and its 200 day simple moving average is $9.77. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $13.56. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -27.09 and a beta of 1.37.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $194.20 million during the quarter, compared to the consensus estimate of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. On average, analysts predict that Coursera, Inc. will post -0.28 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.