Ethic Inc. Purchases Shares of 11,966 Coursera, Inc. (NYSE:COUR)

Ethic Inc. purchased a new stake in Coursera, Inc. (NYSE:COUR) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 11,966 shares of the company’s stock, valued at approximately $102,000.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Coursera during the 4th quarter valued at $17,010,000. Ameriprise Financial Inc. boosted its holdings in Coursera by 253.1% in the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company’s stock worth $12,107,000 after purchasing an additional 1,020,969 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Coursera in the fourth quarter worth $6,612,000. Senvest Management LLC lifted its position in Coursera by 89.0% during the 4th quarter. Senvest Management LLC now owns 1,214,798 shares of the company’s stock worth $10,326,000 after acquiring an additional 571,992 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Coursera by 61,498.1% during the 4th quarter. Federated Hermes Inc. now owns 478,001 shares of the company’s stock worth $4,063,000 after acquiring an additional 477,225 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on COUR. UBS Group boosted their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Bank of America reaffirmed an “underperform” rating and set a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. Morgan Stanley upped their price objective on shares of Coursera from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.31.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction on 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 directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.80% of the company’s stock.

Coursera Stock Performance

Shares of COUR stock opened at $9.01 on Monday. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $11.74. The stock has a market cap of $1.45 billion, a PE ratio of -17.32 and a beta of 1.38. The firm’s 50 day moving average price is $7.51 and its two-hundred day moving average price is $7.88.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The firm had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same period last year, the firm earned $0.07 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current fiscal 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.