Cerity Partners LLC Raises Position in Coursera, Inc. (NYSE:COUR)

Cerity Partners LLC increased its position in Coursera, Inc. (NYSE:COUR) by 149.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,539 shares of the company’s stock after acquiring an additional 15,312 shares during the period. Cerity Partners LLC’s holdings in Coursera were worth $215,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in COUR. SBI Securities Co. Ltd. bought a new stake in Coursera in the 4th quarter worth about $35,000. KBC Group NV raised its holdings in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the last quarter. New York State Teachers Retirement System bought a new position in Coursera during the fourth quarter valued at approximately $107,000. Cibc World Markets Corp purchased a new stake in Coursera in the fourth quarter worth approximately $109,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Coursera in the 4th quarter worth approximately $118,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COUR has been the topic of several research reports. Bank of America reissued an “underperform” rating and issued a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. UBS Group upped their price objective on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Telsey Advisory Group reiterated an “outperform” rating and set a $12.00 target price on shares of Coursera in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Coursera in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.44.

Coursera Stock Up 1.1 %

COUR opened at $7.68 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of -14.77 and a beta of 1.42. The firm has a 50-day simple moving average of $7.21 and a two-hundred day simple moving average of $7.73. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $12.20.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, April 24th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. As a group, sell-side analysts expect that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 16.80% of the company’s stock.

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.