OMERS ADMINISTRATION Corp Invests $1.58 Million in Coursera, Inc. $COUR

OMERS ADMINISTRATION Corp purchased a new stake in Coursera, Inc. (NYSE:COUR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 279,999 shares of the company’s stock, valued at approximately $1,579,000.

A number of other hedge funds have also modified their holdings of the company. Deutsche Bank AG bought a new stake in shares of Coursera in the 2nd quarter valued at $9,848,000. Great Lakes Advisors LLC acquired a new position in Coursera in the second quarter valued at about $3,262,000. Invenomic Capital Management LP increased its holdings in shares of Coursera by 207.3% in the fourth quarter. Invenomic Capital Management LP now owns 906,224 shares of the company’s stock worth $6,670,000 after acquiring an additional 611,325 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Coursera by 731.5% in the first quarter. Quantinno Capital Management LP now owns 485,452 shares of the company’s stock worth $2,825,000 after acquiring an additional 427,068 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Coursera during the second quarter worth about $2,892,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Performance

NYSE COUR opened at $6.04 on Thursday. Coursera, Inc. has a 52 week low of $5.00 and a 52 week high of $12.32. The stock’s 50 day moving average price is $5.71 and its two-hundred day moving average price is $5.78. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -9.01, a PEG ratio of 0.78 and a beta of 1.24.

Coursera (NYSE:COUR) last posted its quarterly earnings data 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. The company had revenue of $298.60 million for the quarter, compared to the consensus estimate of $293.61 million. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The firm’s revenue was up 59.6% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. On average, equities research analysts forecast that Coursera, Inc. will post 0.16 EPS for the current year.

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

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of Coursera stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value 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. The trade was a 3.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

COUR has been the topic of several recent analyst reports. Bank of America cut their price objective on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. KeyCorp restated an “overweight” rating on shares of Coursera in a report on Wednesday, June 24th. Zacks Research lowered shares of Coursera from a “strong-buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group upgraded shares of Coursera from a “sell” rating to a “neutral” rating and upped their price target for the company from $5.50 to $6.50 in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.

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.