Man Group plc Has $399,000 Stake in Coursera, Inc. (NYSE:COUR)

Man Group plc trimmed its position in Coursera, Inc. (NYSE:COUR) by 46.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,912 shares of the company’s stock after selling 40,974 shares during the quarter. Man Group plc’s holdings in Coursera were worth $399,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of COUR. Norges Bank acquired a new position in shares of Coursera in the fourth quarter valued at $17,010,000. Ameriprise Financial Inc. grew its position in Coursera by 253.1% in the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company’s stock valued at $12,107,000 after acquiring an additional 1,020,969 shares during the period. BNP Paribas Financial Markets bought a new stake in Coursera in the fourth quarter valued at $6,612,000. Senvest Management LLC grew its position in Coursera by 89.0% in the fourth quarter. Senvest Management LLC now owns 1,214,798 shares of the company’s stock valued at $10,326,000 after acquiring an additional 571,992 shares during the period. Finally, Federated Hermes Inc. grew its position in Coursera by 61,498.1% in the fourth quarter. Federated Hermes Inc. now owns 478,001 shares of the company’s stock valued at $4,063,000 after acquiring an additional 477,225 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on COUR. Bank of America reiterated an “underperform” rating and issued a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. UBS Group upped their price target on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Coursera presently has an average rating of “Hold” and a consensus price target of $9.31.

Coursera Stock Performance

Shares of NYSE:COUR opened at $8.47 on Tuesday. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $11.74. The firm has a market cap of $1.37 billion, a PE ratio of -16.28 and a beta of 1.38. The business has a fifty day moving average of $7.69 and a 200-day moving average of $7.94.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The business had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same quarter last year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,160.80. Following the transaction, the director now owns 50,215 shares in the company, valued at approximately $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amanda Clark sold 9,334 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the transaction, the director now owns 85,573 shares in the company, valued at approximately $725,659.04. This trade represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,770 shares of company stock worth $211,087. Insiders own 16.80% 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.