Cannell & Spears LLC Acquires New Position in Coursera, Inc. $COUR

Cannell & Spears LLC acquired a new stake in Coursera, Inc. (NYSE:COUR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 561,580 shares of the company’s stock, valued at approximately $6,576,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of Nova Scotia lifted its stake in shares of Coursera by 29.4% in the 3rd quarter. Bank of Nova Scotia now owns 13,953 shares of the company’s stock valued at $163,000 after purchasing an additional 3,169 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Coursera in the 3rd quarter worth $623,000. Aquatic Capital Management LLC grew its stake in shares of Coursera by 1,094.7% during the third quarter. Aquatic Capital Management LLC now owns 78,632 shares of the company’s stock worth $921,000 after purchasing an additional 72,050 shares during the period. Algert Global LLC increased its holdings in Coursera by 40.1% in the third quarter. Algert Global LLC now owns 1,161,981 shares of the company’s stock valued at $13,607,000 after purchasing an additional 332,409 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Coursera in the third quarter valued at about $827,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen lowered Coursera from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. KeyCorp lowered their price target on Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Royal Bank Of Canada cut their price target on shares of Coursera from $11.00 to $8.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Coursera in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a report on Wednesday, December 17th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.62.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 9,710 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total value of $57,483.20. Following the completion of the transaction, the senior vice president owned 217,876 shares in the company, valued at $1,289,825.92. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.80% of the company’s stock.

Coursera Price Performance

NYSE COUR opened at $6.05 on Monday. Coursera, Inc. has a one year low of $5.47 and a one year high of $13.56. The firm has a market cap of $1.02 billion, a P/E ratio of -19.50 and a beta of 1.35. The stock’s 50-day moving average is $6.31 and its 200-day moving average is $8.29.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Coursera had a negative return on equity of 5.17% and a negative net margin of 6.73%.The business had revenue of $196.90 million during the quarter, compared to analyst estimates of $191.83 million. During the same period in the previous year, the firm earned $0.08 EPS. Coursera’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.

Coursera Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.