Mackenzie Financial Corp Has $772,000 Holdings in Coursera, Inc. (NYSE:COUR)

Mackenzie Financial Corp cut its stake in Coursera, Inc. (NYSE:COUR) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,975 shares of the company’s stock after selling 9,469 shares during the period. Mackenzie Financial Corp owned about 0.07% of Coursera worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. State of Wyoming grew its position in Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after acquiring an additional 3,520 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Coursera during the 4th quarter worth approximately $86,000. Xponance Inc. bought a new stake in Coursera during the 1st quarter worth approximately $69,000. Pallas Capital Advisors LLC bought a new stake in Coursera during the 1st quarter worth approximately $71,000. Finally, Inspire Advisors LLC bought a new stake in Coursera during the 1st quarter worth approximately $75,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Coursera Price Performance

Shares of COUR opened at $12.70 on Thursday. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The company has a market cap of $2.05 billion, a P/E ratio of -38.49 and a beta of 1.40. The firm has a 50 day simple moving average of $9.31 and a two-hundred day simple moving average of $8.35.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.16%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, analysts expect that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $12.00 price objective on shares of Coursera in a research report on Monday, July 21st. Cantor Fitzgerald lifted their price target on Coursera from $10.00 to $13.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Wall Street Zen upgraded Coursera from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Scotiabank lifted their price target on Coursera from $9.00 to $11.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Finally, Bank of America raised shares of Coursera from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $7.00 to $12.00 in a report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Insider Activity at Coursera

In related news, Director Amanda Clark sold 9,334 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,152.32. Following the sale, the director owned 85,573 shares of the company’s stock, valued at $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of the company’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 sale, the senior vice president directly owned 293,368 shares in the company, valued at $2,537,633.20. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,270 shares of company stock valued at $356,087 over the last three months. 16.80% of the stock is currently owned by corporate insiders.

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.