Mutual of America Capital Management LLC Purchases Shares of 123,380 Coursera, Inc. (NYSE:COUR)

Mutual of America Capital Management LLC purchased a new stake in Coursera, Inc. (NYSE:COUR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,380 shares of the company’s stock, valued at approximately $2,390,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Coursera during the third quarter worth approximately $38,000. Point72 Hong Kong Ltd purchased a new position in shares of Coursera during the second quarter worth approximately $31,000. FMR LLC grew its position in shares of Coursera by 187.5% during the second quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after acquiring an additional 1,543 shares during the last quarter. Point72 Middle East FZE purchased a new position in shares of Coursera during the fourth quarter worth approximately $46,000. Finally, Ensign Peak Advisors Inc purchased a new position in shares of Coursera during the first quarter worth approximately $126,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COUR has been the topic of a number of research reports. William Blair restated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Coursera in a report on Friday, February 2nd. Morgan Stanley dropped their price objective on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday. KeyCorp boosted their price objective on shares of Coursera from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Truist Financial boosted their price objective on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average target price of $22.10.

Coursera Stock Up 0.4 %

Shares of COUR opened at $11.95 on Friday. The company has a 50-day simple moving average of $14.67 and a 200-day simple moving average of $17.54. The company has a market capitalization of $1.88 billion, a PE ratio of -15.52 and a beta of 1.48. Coursera, Inc. has a 52-week low of $9.91 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $168.88 million during the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. On average, research analysts anticipate that Coursera, Inc. will post -0.47 EPS for the current year.

Insider Activity

In other news, COO Shravan Goli sold 8,750 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $17.96, for a total value of $157,150.00. Following the completion of the transaction, the chief operating officer now owns 809,523 shares in the company, valued at approximately $14,539,033.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Shravan Goli sold 8,750 shares of Coursera stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $17.96, for a total transaction of $157,150.00. Following the completion of the transaction, the chief operating officer now owns 809,523 shares of the company’s stock, valued at approximately $14,539,033.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Michele M. Meyers sold 2,540 shares of Coursera stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.86, for a total value of $42,824.40. Following the transaction, the chief accounting officer now directly owns 206,059 shares of the company’s stock, valued at approximately $3,474,154.74. The disclosure for this sale can be found here. Insiders sold 614,802 shares of company stock worth $9,673,854 in the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

Coursera Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.