Ieq Capital LLC Acquires Shares of 512,762 Coursera, Inc. $COUR

Ieq Capital LLC bought a new position in shares of Coursera, Inc. (NYSE:COUR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 512,762 shares of the company’s stock, valued at approximately $2,892,000. Ieq Capital LLC owned about 0.30% of Coursera at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in Coursera during the fourth quarter worth $25,000. Optiver Holding B.V. acquired a new position in shares of Coursera during the 1st quarter valued at about $31,000. Versant Capital Management Inc grew its holdings in shares of Coursera by 63.2% in the second quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock valued at $31,000 after purchasing an additional 2,152 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Coursera by 224.1% during 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 last quarter. Finally, Clearstead Trust LLC acquired a new position in Coursera in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the sale, the senior vice president directly owned 236,237 shares in the company, valued at approximately $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

COUR has been the subject of a number of recent analyst reports. Bank of America cut their price target 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 cut Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. BMO Capital Markets reissued an “outperform” rating on shares of Coursera in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and upped their target price for the company from $5.50 to $6.50 in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.

Coursera Stock Up 0.5%

NYSE:COUR opened at $6.03 on Tuesday. Coursera, Inc. has a 52 week low of $5.00 and a 52 week high of $12.32. The company has a fifty day simple moving average of $5.68 and a two-hundred day simple moving average of $5.78. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -9.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.24.

Coursera (NYSE:COUR) last released its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. During the same period last year, the business posted $0.12 earnings per share. Coursera’s revenue was up 59.6% compared to the same quarter last year. On average, analysts expect that Coursera, Inc. will post 0.16 EPS for the current year.

Coursera announced that its Board of Directors has approved a share buyback plan on Monday, May 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 55.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management 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.