UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Coursera, Inc. $COUR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Coursera, Inc. (NYSE:COUR) by 48.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 438,455 shares of the company’s stock after acquiring an additional 142,907 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Coursera were worth $2,473,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Hsbc Holdings PLC grew its position in Coursera by 7.2% during the 2nd quarter. Hsbc Holdings PLC now owns 199,056 shares of the company’s stock worth $1,132,000 after acquiring an additional 13,366 shares during the last quarter. Wellington Management Group LLP bought a new stake in Coursera in the second quarter valued at approximately $8,945,000. Empowered Funds LLC purchased a new stake in shares of Coursera during the second quarter valued at approximately $3,318,000. Coastal Bridge Advisors LLC purchased a new stake in shares of Coursera during the second quarter valued at approximately $74,000. Finally, Corient Private Wealth LP bought a new position in shares of Coursera in the second quarter worth approximately $863,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $5.50 to $6.50 in a research note on Monday, August 3rd. Weiss Ratings raised shares of Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Wall Street Zen lowered shares of Coursera from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Bank of America decreased their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Coursera in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.

Coursera Stock Performance

Shares of COUR stock opened at $5.24 on Friday. Coursera, Inc. has a fifty-two week low of $5.00 and a fifty-two week high of $12.32. The firm has a market cap of $1.38 billion, a P/E ratio of -7.81, a P/E/G ratio of 0.67 and a beta of 1.26. The business’s 50 day moving average price is $5.77 and its 200-day moving average price is $5.78.

Coursera (NYSE:COUR) last announced its earnings results on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm’s revenue for the quarter was up 59.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. As a group, equities analysts predict that Coursera, Inc. will post 0.16 EPS for the current year.

Coursera announced that its board has approved a stock buyback program on Monday, May 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 55.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the transaction, the senior vice president directly owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.30% of the stock is currently owned by company insiders.

Coursera Company 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.