Quantedge Capital Pte Ltd Makes New $1.65 Million Investment in Coursera, Inc. $COUR

Quantedge Capital Pte Ltd purchased a new position in shares of Coursera, Inc. (NYSE:COUR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 188,600 shares of the company’s stock, valued at approximately $1,652,000. Coursera comprises approximately 1.5% of Quantedge Capital Pte Ltd’s portfolio, making the stock its 24th biggest holding. Quantedge Capital Pte Ltd owned approximately 0.12% of Coursera as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Qube Research & Technologies Ltd lifted its position in Coursera by 6.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,883,396 shares of the company’s stock valued at $16,499,000 after purchasing an additional 115,898 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Coursera by 163.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after buying an additional 4,550 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Coursera by 30.3% in the second quarter. Cerity Partners LLC now owns 41,108 shares of the company’s stock worth $360,000 after buying an additional 9,548 shares during the period. Federated Hermes Inc. raised its stake in shares of Coursera by 0.6% in the second quarter. Federated Hermes Inc. now owns 1,083,722 shares of the company’s stock worth $9,493,000 after buying an additional 6,995 shares during the period. Finally, Jump Financial LLC lifted its position in shares of Coursera by 67.4% during the 2nd quarter. Jump Financial LLC now owns 404,180 shares of the company’s stock valued at $3,541,000 after buying an additional 162,667 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Stock Performance

COUR stock opened at $8.24 on Wednesday. The company’s fifty day moving average price is $9.00 and its 200-day moving average price is $9.79. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The company has a market capitalization of $1.37 billion, a PE ratio of -28.40 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 analysts’ consensus estimates of $0.09 by $0.01. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The company had revenue of $194.20 million for the quarter, compared to the consensus estimate of $190.33 million. During the same period in the previous year, the firm posted $0.10 EPS. Coursera’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, research analysts predict that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In related news, CAO Michele M. Meyers sold 3,500 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $10.27, for a total value 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. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of Coursera in a research report on Wednesday, November 26th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. UBS Group lifted their target price on shares of Coursera from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coursera in a report on Friday, October 3rd. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Coursera presently has a consensus rating of “Hold” and a consensus price target of $12.36.

Coursera Company Profile

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.