Pacer Advisors Inc. Boosts Stake in Coursera, Inc. $COUR

Pacer Advisors Inc. raised its position in Coursera, Inc. (NYSE:COUR) by 33.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,353 shares of the company’s stock after purchasing an additional 107,920 shares during the quarter. Pacer Advisors Inc. owned 0.26% of Coursera worth $3,138,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Coursera during the fourth quarter worth $25,000. Quarry LP lifted its stake in Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after acquiring an additional 3,465 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after acquiring an additional 3,415 shares in the last quarter. Clearstead Trust LLC purchased a new position in Coursera during the 4th quarter valued at about $39,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after acquiring an additional 4,550 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Coursera in a research note on Friday, April 24th. Royal Bank Of Canada lowered their price objective on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. BMO Capital Markets cut their target price on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Telsey Advisory Group cut their target price on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Coursera presently has a consensus rating of “Hold” and a consensus price target of $9.50.

Coursera Price Performance

Shares of NYSE COUR opened at $5.42 on Wednesday. The company has a market cap of $917.78 million, a price-to-earnings ratio of -14.26 and a beta of 1.25. The stock’s 50-day moving average is $5.63 and its two-hundred day moving average is $6.23. Coursera, Inc. has a 1-year low of $5.00 and a 1-year high of $13.56.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The company had revenue of $195.70 million during the quarter, compared to analysts’ expectations of $195.17 million. During the same quarter in the previous year, the business posted $0.12 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Coursera, Inc. will post -0.09 earnings per share for the current fiscal year.

Coursera announced that its board has authorized a share buyback plan on Monday, May 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 55.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Coursera

In other news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of Coursera stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total transaction of $7,683,789.28. Following the completion of the sale, the insider directly owned 419,784 shares of the company’s stock, valued at approximately $2,199,668.16. The trade was a 77.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 9,139 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction of $50,447.28. Following the transaction, the senior vice president owned 255,934 shares of the company’s stock, valued at approximately $1,412,755.68. The trade was a 3.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,009,139 shares of company stock valued at $10,643,180 in the last quarter. 16.30% of the stock is currently owned by company insiders.

Coursera Company Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.