Wakefield Asset Management LLLP Takes $1.19 Million Position in Coursera, Inc. $COUR

Wakefield Asset Management LLLP purchased a new stake in Coursera, Inc. (NYSE:COUR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,597 shares of the company’s stock, valued at approximately $1,190,000. Wakefield Asset Management LLLP owned approximately 0.06% of Coursera at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Coursera by 2.6% in the third quarter. Vanguard Group Inc. now owns 13,921,600 shares of the company’s stock worth $163,022,000 after purchasing an additional 357,264 shares in the last quarter. Geode Capital Management LLC raised its stake in Coursera by 2.6% during the second quarter. Geode Capital Management LLC now owns 3,057,118 shares of the company’s stock valued at $26,784,000 after buying an additional 77,044 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Coursera by 5.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,704,855 shares of the company’s stock worth $31,679,000 after buying an additional 151,000 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of Coursera by 6.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,883,396 shares of the company’s stock worth $16,499,000 after acquiring an additional 115,898 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Coursera in the 2nd quarter worth approximately $15,435,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Performance

Coursera stock opened at $6.06 on Wednesday. Coursera, Inc. has a one year low of $5.47 and a one year high of $13.56. The company has a 50-day simple moving average of $6.39 and a 200-day simple moving average of $8.40. The firm has a market capitalization of $1.02 billion, a P/E ratio of -19.53 and a beta of 1.35.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The firm had revenue of $196.90 million for the quarter, compared to the consensus estimate of $191.83 million. During the same period last year, the firm posted $0.08 EPS. Coursera’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COUR. Royal Bank Of Canada dropped their price target on Coursera from $11.00 to $8.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 target price on shares of Coursera in a research note on Friday, February 6th. The Goldman Sachs Group reduced their price target on shares of Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research report on Saturday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $8.00 target price on shares of Coursera in a report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Coursera currently has a consensus rating of “Hold” and an average target price of $10.62.

Insider Activity

In other news, SVP Alan B. Cardenas sold 9,710 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total transaction of $57,483.20. Following the completion of the transaction, the senior vice president directly owned 217,876 shares in the company, valued at approximately $1,289,825.92. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 16.80% of the company’s stock.

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.