SG Americas Securities LLC Increases Stock Position in Coursera, Inc. $COUR

SG Americas Securities LLC grew its holdings in shares of Coursera, Inc. (NYSE:COUR) by 166.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 168,665 shares of the company’s stock after buying an additional 105,277 shares during the period. SG Americas Securities LLC’s holdings in Coursera were worth $982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COUR. Aster Capital Management DIFC Ltd bought a new position in shares of Coursera in the 4th quarter worth about $25,000. Quarry LP boosted its stake in Coursera by 619.9% during the third 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 grew its holdings in Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after purchasing an additional 3,415 shares during the period. Clearstead Trust LLC purchased a new stake in Coursera in the fourth quarter worth about $39,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after purchasing an additional 4,550 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on COUR shares. Bank of America lowered their target price on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Weiss Ratings downgraded Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 21st. Morgan Stanley set a $7.50 price objective on Coursera in a research report on Friday, April 24th. Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, BMO Capital Markets dropped their target price on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.12.

Insider Buying and Selling

In other news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 419,784 shares of the company’s stock, valued at $2,199,668.16. The trade was a 77.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 9,139 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.52, for a total transaction of $50,447.28. Following the transaction, the senior vice president directly owned 255,934 shares of the company’s stock, valued at $1,412,755.68. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,009,139 shares of company stock valued at $10,643,180 over the last quarter. Company insiders own 16.30% of the company’s stock.

Coursera Price Performance

Coursera stock opened at $5.92 on Friday. Coursera, Inc. has a one year low of $5.00 and a one year high of $13.56. The business’s fifty day moving average is $5.57 and its 200 day moving average is $6.11. The stock has a market capitalization of $1.00 billion, a PE ratio of -15.57, a price-to-earnings-growth ratio of 1.95 and a beta of 1.23.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $195.70 million during the quarter, compared to analysts’ expectations of $195.17 million. Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.Coursera’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. As a group, sell-side analysts expect that Coursera, Inc. will post 0.07 EPS for the current fiscal year.

Coursera declared that its board has initiated a share buyback program on Monday, May 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 55.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Coursera 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.