Graham Capital Management L.P. Purchases 54,531 Shares of Coursera, Inc. (NYSE:COUR)

Graham Capital Management L.P. lifted its position in Coursera, Inc. (NYSE:COUR) by 68.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 133,988 shares of the company’s stock after purchasing an additional 54,531 shares during the quarter. Graham Capital Management L.P. owned 0.08% of Coursera worth $1,139,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Coursera in the 4th quarter worth about $35,000. KBC Group NV grew its holdings in shares of Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after purchasing an additional 4,376 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Coursera in the 4th quarter worth about $96,000. Ethic Inc. bought a new stake in shares of Coursera in the 4th quarter worth about $102,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Coursera in the 4th quarter worth about $107,000. Institutional investors own 89.55% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on COUR. Bank of America reaffirmed an “underperform” rating and issued a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. UBS Group upped their price target on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target on shares of Coursera in a research report on Friday, April 25th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Coursera presently has a consensus rating of “Hold” and an average price target of $9.31.

Coursera Trading Down 0.1%

Coursera stock opened at $8.95 on Tuesday. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $11.74. The company has a market cap of $1.44 billion, a PE ratio of -17.21 and a beta of 1.38. The company’s 50-day moving average is $7.36 and its two-hundred day moving average is $7.83.

Coursera (NYSE:COUR) last released its earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The company had revenue of $179.30 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that Coursera, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 16.80% of the company’s stock.

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.