Coursera, Inc. $COUR Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in shares of Coursera, Inc. (NYSE:COUR) by 33.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 426,353 shares of the company’s stock after purchasing an additional 107,920 shares during the quarter. Pacer Advisors Inc.’s holdings in Coursera were worth $3,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COUR. The Manufacturers Life Insurance Company increased its stake in Coursera by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after purchasing an additional 1,027 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Coursera by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after buying an additional 2,439 shares during the last quarter. Diversified Trust Co. boosted its holdings in shares of Coursera by 19.0% in the 4th quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock valued at $130,000 after buying an additional 2,824 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Coursera by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after buying an additional 2,847 shares in the last quarter. Finally, Bank of Nova Scotia grew its position in shares of Coursera by 29.4% in the 3rd quarter. Bank of Nova Scotia now owns 13,953 shares of the company’s stock valued at $163,000 after buying an additional 3,169 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coursera

In other news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the stock in a transaction dated 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 owned 419,784 shares in the company, valued at approximately $2,199,668.16. This represents a 77.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alan B. Cardenas sold 9,139 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,009,139 shares of company stock valued at $10,643,180 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

COUR has been the topic of several research analyst reports. Morgan Stanley set a $7.50 price target on shares of Coursera in a research note on Friday, April 24th. Telsey Advisory Group decreased their price objective on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Weiss Ratings lowered Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, BMO Capital Markets decreased their target price on Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.50.

Coursera Price Performance

Shares of Coursera stock opened at $5.42 on Wednesday. The firm’s fifty day simple moving average is $5.63 and its 200-day simple moving average is $6.23. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $13.56. The stock has a market capitalization of $917.78 million, a price-to-earnings ratio of -14.26 and a beta of 1.25.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The business had revenue of $195.70 million for the quarter, compared to analyst estimates of $195.17 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts anticipate that Coursera, Inc. will post -0.09 earnings per share for the current year.

Coursera announced that its board has authorized a share repurchase program on Monday, May 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 55.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.