Ieq Capital LLC Makes New $2.89 Million Investment in Coursera, Inc. $COUR

Ieq Capital LLC acquired a new position in shares of Coursera, Inc. (NYSE:COUR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 512,762 shares of the company’s stock, valued at approximately $2,892,000.

Several other hedge funds and other institutional investors have also made changes to their positions in COUR. Deutsche Bank AG purchased a new position in Coursera in the second quarter valued at approximately $9,848,000. Great Lakes Advisors LLC purchased a new stake in shares of Coursera during the 2nd quarter worth approximately $3,262,000. Invenomic Capital Management LP boosted its holdings in shares of Coursera by 207.3% in the 4th quarter. Invenomic Capital Management LP now owns 906,224 shares of the company’s stock valued at $6,670,000 after buying an additional 611,325 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Coursera by 731.5% in the 1st quarter. Quantinno Capital Management LP now owns 485,452 shares of the company’s stock valued at $2,825,000 after buying an additional 427,068 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Coursera by 58.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,084,567 shares of the company’s stock worth $7,982,000 after purchasing an additional 398,920 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and set a $7.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Bank of America dropped their target price on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.55.

Coursera Stock Performance

Coursera stock opened at $6.03 on Tuesday. 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 capitalization of $1.59 billion, a price-to-earnings ratio of -9.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.24. The stock’s fifty day moving average is $5.68 and its two-hundred day moving average is $5.78.

Coursera (NYSE:COUR) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. The business 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 business’s revenue was up 59.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, sell-side analysts forecast that Coursera, Inc. will post 0.16 EPS for the current fiscal year.

Coursera announced that its board has initiated a share repurchase plan on Monday, May 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 55.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the sale, the senior vice president owned 236,237 shares of the company’s stock, valued at $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.30% of the company’s stock.

About Coursera

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.