Ieq Capital LLC Raises Stake in Coursera, Inc. (NYSE:COUR)

Ieq Capital LLC grew its stake in shares of Coursera, Inc. (NYSE:COUR) by 74.7% in the fourth quarter, Holdings Channel reports. The firm owned 68,790 shares of the company’s stock after acquiring an additional 29,412 shares during the period. Ieq Capital LLC’s holdings in Coursera were worth $585,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in COUR. FMR LLC boosted its stake in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the period. KBC Group NV boosted its stake in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the period. Versor Investments LP purchased a new stake in Coursera in the third quarter worth about $106,000. New York State Teachers Retirement System purchased a new stake in Coursera in the fourth quarter worth about $107,000. Finally, Pitcairn Co. lifted its stake in Coursera by 16.9% in the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after acquiring an additional 1,971 shares during the period. 89.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.90% of the stock is currently owned by corporate insiders.

Coursera Stock Performance

Shares of Coursera stock opened at $8.10 on Thursday. The company has a market capitalization of $1.28 billion, a PE ratio of -15.58 and a beta of 1.42. The company has a 50-day simple moving average of $8.40 and a two-hundred day simple moving average of $7.99. Coursera, Inc. has a one year low of $6.29 and a one year high of $16.42.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on COUR shares. JPMorgan Chase & Co. started coverage on shares of Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th. Scotiabank started coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

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.