Invenomic Capital Management LP Reduces Position in Coursera, Inc. $COUR

Invenomic Capital Management LP decreased its position in shares of Coursera, Inc. (NYSE:COUR) by 77.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,899 shares of the company’s stock after selling 991,934 shares during the period. Invenomic Capital Management LP owned 0.18% of Coursera worth $3,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COUR. Daiwa Securities Group Inc. boosted its holdings in shares of Coursera by 163.7% in the second 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. Savant Capital LLC acquired a new position in shares of Coursera in the 2nd quarter valued at $94,000. State of Alaska Department of Revenue purchased a new stake in Coursera in the 3rd quarter valued at $104,000. Captrust Financial Advisors purchased a new stake in Coursera in the 2nd quarter valued at $111,000. Finally, State of Wyoming boosted its stake in Coursera by 80.0% during the 2nd quarter. State of Wyoming now owns 13,008 shares of the company’s stock worth $114,000 after purchasing an additional 5,781 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Stock Performance

Shares of COUR opened at $6.08 on Tuesday. The stock has a market capitalization of $1.03 billion, a P/E ratio of -19.60 and a beta of 1.35. Coursera, Inc. has a 1 year low of $5.47 and a 1 year high of $13.56. The company’s fifty day moving average is $6.29 and its two-hundred day moving average is $8.25.

Coursera (NYSE:COUR) last released its earnings results on Thursday, February 5th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $196.90 million during the quarter, compared to analysts’ expectations of $191.83 million. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. Sell-side analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.

Insider Activity

In related news, SVP Alan B. Cardenas sold 9,710 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total transaction of $57,483.20. Following the completion of the transaction, the senior vice president directly owned 217,876 shares of the company’s stock, valued at $1,289,825.92. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 16.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COUR has been the topic of several research reports. BMO Capital Markets reissued an “outperform” rating and set a $8.00 price objective on shares of Coursera in a research report on Friday, February 6th. JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price for the company in a research note on Wednesday, December 17th. Telsey Advisory Group reissued an “outperform” rating and set a $14.00 price target on shares of Coursera in a report on Friday, February 6th. UBS Group restated a “neutral” rating and issued a $7.00 price target on shares of Coursera in a research report on Friday, February 6th. Finally, KeyCorp reduced their price objective on Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.62.

Coursera 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.