Federated Hermes Inc. Has $12.02 Million Position in Coursera, Inc. (NYSE:COUR)

Federated Hermes Inc. boosted its stake in shares of Coursera, Inc. (NYSE:COUR) by 64.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 620,652 shares of the company’s stock after purchasing an additional 242,295 shares during the period. Federated Hermes Inc.’s holdings in Coursera were worth $12,022,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Coursera by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after acquiring an additional 570,177 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Coursera by 41.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after purchasing an additional 22,353 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Coursera in the 3rd quarter worth about $585,000. FMR LLC raised its stake in shares of Coursera by 4,271.1% during the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after purchasing an additional 135,096 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Coursera by 1,167.6% during the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock valued at $3,643,000 after buying an additional 179,537 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Price Performance

COUR stock opened at $12.12 on Wednesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -15.73 and a beta of 1.48. The company has a 50-day moving average of $14.47 and a two-hundred day moving average of $17.45. Coursera, Inc. has a 52-week low of $9.91 and a 52-week high of $21.26.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COUR. The Goldman Sachs Group lowered shares of Coursera from a “neutral” rating to a “sell” rating and cut their price objective for the company from $18.00 to $14.00 in a research report on Friday, January 19th. Cantor Fitzgerald restated an “overweight” rating and set a $26.00 price target on shares of Coursera in a report on Wednesday, April 17th. Telsey Advisory Group upped their price objective on shares of Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Truist Financial increased their target price on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.10.

Insider Transactions at Coursera

In related news, Director Amanda Clark sold 1,562 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $26,319.70. Following the completion of the transaction, the director now directly owns 67,252 shares in the company, valued at approximately $1,133,196.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Coursera news, SVP Alan B. Cardenas sold 5,864 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the sale, the senior vice president now directly owns 167,798 shares in the company, valued at approximately $2,775,378.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amanda Clark sold 1,562 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $26,319.70. Following the completion of the sale, the director now owns 67,252 shares in the company, valued at $1,133,196.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 653,932 shares of company stock worth $10,054,814. Insiders own 15.90% of the company’s stock.

About Coursera

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.