Quantinno Capital Management LP Boosts Stake in Coursera, Inc. $COUR

Quantinno Capital Management LP raised its position in Coursera, Inc. (NYSE:COUR) by 731.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 485,452 shares of the company’s stock after purchasing an additional 427,068 shares during the quarter. Quantinno Capital Management LP’s holdings in Coursera were worth $2,825,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Coursera during the fourth quarter worth $25,000. Quarry LP lifted its stake in Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after acquiring an additional 3,465 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after acquiring an additional 3,415 shares in the last quarter. Clearstead Trust LLC purchased a new position in Coursera during the 4th quarter valued at about $39,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after acquiring an additional 4,550 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COUR. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lowered their price objective on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. BMO Capital Markets restated an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and upped their target price for the stock from $5.50 to $6.50 in a research note on Monday, August 3rd. Finally, Zacks Research upgraded shares of Coursera from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $8.55.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 9,139 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.52, for a total value of $50,447.28. Following the sale, the senior vice president owned 255,934 shares of the company’s stock, valued at $1,412,755.68. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total transaction of $7,683,789.28. Following the completion of the sale, the insider directly owned 419,784 shares in the company, valued at approximately $2,199,668.16. This trade represents a 77.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,009,139 shares of company stock worth $10,643,180 over the last 90 days. Insiders own 16.30% of the company’s stock.

Coursera Price Performance

COUR opened at $5.79 on Monday. The business has a fifty day moving average price of $5.60 and a 200 day moving average price of $5.82. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $12.35. The stock has a market capitalization of $979.57 million, a price-to-earnings ratio of -8.63, a PEG ratio of 1.95 and a beta of 1.24.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.Coursera’s revenue for the quarter was up 59.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. On average, research analysts anticipate that Coursera, Inc. will post 0.06 earnings per share for the current year.

Coursera announced that its Board of Directors has authorized a share buyback plan on Monday, May 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 55.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.