Jennison Associates LLC Buys Shares of 33,864 Coursera, Inc. (NYSE:COUR)

Jennison Associates LLC bought a new stake in Coursera, Inc. (NYSE:COUR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 33,864 shares of the company’s stock, valued at approximately $656,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Coursera by 5.7% in the third 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 during the last quarter. Nomura Asset Management Co. Ltd. grew its position 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 acquiring an additional 22,353 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Coursera during the third quarter worth about $585,000. FMR LLC grew its holdings in shares of Coursera by 4,271.1% during the third quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after purchasing an additional 135,096 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Coursera by 1,167.6% during the third quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock worth $3,643,000 after purchasing an additional 179,537 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

Shares of COUR stock opened at $11.97 on Friday. Coursera, Inc. has a one year low of $10.27 and a one year high of $21.26. The business’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $17.31. The stock has a market capitalization of $1.88 billion, a PE ratio of -15.55 and a beta of 1.48.

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

Insider Buying and Selling at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $20.06, for a total value of $1,003,000.00. Following the transaction, the chief executive officer now directly owns 2,551,930 shares of the company’s stock, valued at $51,191,715.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Kenneth R. Hahn sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total transaction of $425,250.00. Following the transaction, the chief financial officer now directly owns 532,715 shares of the company’s stock, valued at $9,061,482.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $20.06, for a total value of $1,003,000.00. Following the transaction, the chief executive officer now directly owns 2,551,930 shares in the company, valued at $51,191,715.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 653,932 shares of company stock valued at $10,054,814. 16.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Truist Financial boosted their price target on Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. KeyCorp reduced their price target on Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday. William Blair restated an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Morgan Stanley reduced their price target on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $25.00 target price on shares of Coursera in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

Coursera Company 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.