Rhumbline Advisers Has $1.32 Million Position in Coursera, Inc. (NYSE:COUR)

Rhumbline Advisers raised its position in Coursera, Inc. (NYSE:COUR) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,240 shares of the company’s stock after buying an additional 11,041 shares during the quarter. Rhumbline Advisers owned about 0.12% of Coursera worth $1,320,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in shares of Coursera in the fourth quarter valued at approximately $107,000. New York State Common Retirement Fund grew its stake in shares of Coursera by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock valued at $360,000 after buying an additional 2,552 shares during the period. Ieq Capital LLC increased its holdings in shares of Coursera by 74.7% during the fourth quarter. Ieq Capital LLC now owns 68,790 shares of the company’s stock valued at $585,000 after acquiring an additional 29,412 shares in the last quarter. Waterfront Wealth Inc. raised its holdings in Coursera by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after buying an additional 2,543 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in shares of Coursera in the 4th quarter worth about $294,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Down 0.9%

Shares of COUR stock opened at $8.27 on Thursday. The business has a 50-day moving average price of $8.36 and a two-hundred day moving average price of $8.09. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $11.74. The firm has a market cap of $1.33 billion, a P/E ratio of -19.22 and a beta of 1.38.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $175.60 million. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. Coursera’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. As a group, research analysts expect that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at Coursera

In other Coursera news, Director Sabrina Simmons sold 9,335 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the sale, the director now owns 50,215 shares in the company, valued at approximately $425,823.20. The trade was a 15.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total value of $52,773.65. Following the sale, the senior vice president now directly owns 293,368 shares of the company’s stock, valued at approximately $2,537,633.20. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,770 shares of company stock worth $211,087. 16.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on COUR shares. JPMorgan Chase & Co. cut their price objective on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley restated an “equal weight” rating and set a $11.00 price target (up from $10.00) on shares of Coursera in a research note on Thursday, June 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 target price on shares of Coursera in a report on Friday, April 25th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. Finally, Bank of America restated an “underperform” rating and issued a $7.00 target price on shares of Coursera in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.40.

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.