Susquehanna Fundamental Investments LLC Takes Position in Coursera, Inc. (NYSE:COUR)

Susquehanna Fundamental Investments LLC purchased a new stake in Coursera, Inc. (NYSE:COUR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 58,761 shares of the company’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Natixis acquired a new stake in shares of Coursera in the first quarter valued at about $35,000. CWM LLC lifted its stake in Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after buying an additional 3,860 shares in the last quarter. Covestor Ltd boosted its holdings in Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after buying an additional 1,846 shares during the last quarter. nVerses Capital LLC increased its stake in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after buying an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation acquired a new position in shares of Coursera during the second quarter valued at approximately $73,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insider Activity at Coursera

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, the senior vice president now owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,068 shares of company stock worth $324,787. Company insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research note on Monday, July 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Friday, July 26th. BMO Capital Markets raised their price target on shares of Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America began coverage on shares of Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Coursera in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and a consensus target price of $14.73.

Coursera Price Performance

Shares of NYSE COUR opened at $7.62 on Friday. The company has a market capitalization of $1.19 billion, a P/E ratio of -11.04 and a beta of 1.42. The company has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $9.01. Coursera, Inc. has a 1 year low of $6.35 and a 1 year high of $21.26.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The company had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. During the same quarter last year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, research analysts expect that Coursera, Inc. will post -0.44 EPS for the current 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.