Pacer Advisors Inc. Sells 127,548 Shares of Coursera, Inc. $COUR

Pacer Advisors Inc. trimmed its stake in shares of Coursera, Inc. (NYSE:COUR) by 28.6% during the third quarter, HoldingsChannel reports. The fund owned 318,433 shares of the company’s stock after selling 127,548 shares during the period. Pacer Advisors Inc.’s holdings in Coursera were worth $3,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COUR. Geode Capital Management LLC increased its holdings in Coursera by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,057,118 shares of the company’s stock worth $26,784,000 after purchasing an additional 77,044 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Coursera by 6.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,883,396 shares of the company’s stock worth $16,499,000 after buying an additional 115,898 shares in the last quarter. Norges Bank acquired a new stake in Coursera in the 2nd quarter valued at approximately $15,435,000. Acadian Asset Management LLC lifted its stake in Coursera by 125.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,466,353 shares of the company’s stock valued at $12,833,000 after acquiring an additional 815,745 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Coursera by 260.7% in the 2nd quarter. Lazard Asset Management LLC now owns 1,259,227 shares of the company’s stock valued at $11,030,000 after acquiring an additional 910,123 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on COUR. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price objective on shares of Coursera in a report on Wednesday, December 17th. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price target on the stock in a research report on Wednesday, December 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Coursera in a research report on Wednesday, October 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of Coursera in a research report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.45.

Coursera Stock Performance

Shares of COUR stock opened at $7.43 on Tuesday. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $13.56. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -25.60 and a beta of 1.37. The firm’s 50-day moving average is $8.28 and its 200-day moving average is $9.68.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $194.20 million during the quarter, compared to analysts’ expectations of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.Coursera’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. Sell-side analysts predict that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Michele M. Meyers sold 3,500 shares of the stock in a transaction on 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 owned 234,295 shares in the company, valued at approximately $2,406,209.65. This represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 8,078 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the sale, the senior vice president directly owned 237,828 shares of the company’s stock, valued at $1,943,054.76. This represents a 3.28% decrease in their position. The SEC filing for this sale provides additional information. 16.80% of the stock is currently owned by insiders.

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.