Quantedge Capital Pte Ltd Lowers Position in Coursera, Inc. $COUR

Quantedge Capital Pte Ltd decreased its stake in shares of Coursera, Inc. (NYSE:COUR) by 54.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 256,900 shares of the company’s stock after selling 309,900 shares during the quarter. Coursera comprises 0.8% of Quantedge Capital Pte Ltd’s portfolio, making the stock its 26th largest position. Quantedge Capital Pte Ltd’s holdings in Coursera were worth $1,495,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of COUR. Aster Capital Management DIFC Ltd acquired a new position in shares of Coursera in the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after buying an additional 3,415 shares during the last quarter. Clearstead Trust LLC acquired a new stake in shares of Coursera during the 4th quarter worth $39,000. Quarry LP raised its position in shares of Coursera by 619.9% in the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after buying an additional 3,465 shares during the period. Finally, Falcon Wealth Planning purchased a new position in shares of Coursera in the 1st quarter worth $60,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Trading Down 2.1%

NYSE:COUR opened at $5.34 on Wednesday. The firm has a market capitalization of $905.08 million, a price-to-earnings ratio of -14.07, a PEG ratio of 1.80 and a beta of 1.23. The firm’s fifty day simple moving average is $5.51 and its 200 day simple moving average is $5.94. Coursera, Inc. has a twelve month low of $5.00 and a twelve month high of $13.56.

Coursera (NYSE:COUR) last announced its quarterly 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). Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The business had revenue of $195.70 million for the quarter, compared to analysts’ expectations of $195.17 million. During the same period last year, the company posted $0.12 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts predict that Coursera, Inc. will post 0.07 earnings per share for the current year.

Coursera declared that its board has authorized a share buyback program on Monday, May 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 55.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Coursera

In other Coursera news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.24, for a total transaction of $7,683,789.28. Following the transaction, the insider owned 419,784 shares in the company, valued at $2,199,668.16. The trade was a 77.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.52, for a total value of $50,447.28. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,009,139 shares of company stock worth $10,643,180. 16.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley set a $7.50 price target on Coursera in a research report on Friday, April 24th. BMO Capital Markets raised their price objective on Coursera from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Telsey Advisory Group reduced their price objective on Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $7.00 target price on shares of Coursera in a report on Wednesday, June 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Coursera has an average rating of “Hold” and an average target price of $9.19.

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.