Xponance Inc. Acquires Shares of 10,287 Coursera, Inc. (NYSE:COUR)

Xponance Inc. acquired a new stake in Coursera, Inc. (NYSE:COUR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,287 shares of the company’s stock, valued at approximately $69,000.

A number of other hedge funds also recently bought and sold shares of COUR. State of Wyoming raised its holdings in Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock valued at $33,000 after acquiring an additional 3,520 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in Coursera in the 1st quarter valued at about $71,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Coursera in the 4th quarter valued at about $86,000. Bank of Nova Scotia acquired a new stake in Coursera in the 4th quarter valued at about $96,000. Finally, Ethic Inc. acquired a new stake in Coursera in the 4th quarter valued at about $102,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,152.32. Following the completion of the sale, the director directly owned 85,573 shares of the company’s stock, valued at approximately $725,659.04. The trade was a 9.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of the business’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total transaction of $52,773.65. Following the completion of the sale, the senior vice president directly owned 293,368 shares of the company’s stock, valued at approximately $2,537,633.20. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,770 shares of company stock valued at $211,087. Insiders own 16.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on COUR shares. Wall Street Zen downgraded shares of Coursera from a “buy” rating to a “hold” rating in a report on Friday. Bank of America restated an “underperform” rating and set a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. 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 reissued a “buy” rating and set a $11.00 target price on shares of Coursera in a research note on Friday, April 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $12.00 target price on shares of Coursera in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.56.

Coursera Stock Up 1.0%

Shares of COUR stock opened at $8.73 on Monday. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The stock has a market capitalization of $1.41 billion, a PE ratio of -20.30 and a beta of 1.36. The firm has a 50 day moving average of $8.64 and a two-hundred day moving average of $8.10.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $179.30 million during the quarter, compared to analysts’ expectations of $175.60 million. Coursera had a negative net margin of 9.37% and a negative return on equity of 7.22%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. Analysts expect that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Coursera 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.