Jennison Associates LLC Takes Position in Coursera, Inc. (NYSE:COUR)

Jennison Associates LLC bought a new stake in Coursera, Inc. (NYSE:COUR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 33,864 shares of the company’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in shares of Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares in the last quarter. Bailard Inc. lifted its position in Coursera by 1.0% during the 3rd quarter. Bailard Inc. now owns 91,440 shares of the company’s stock worth $1,709,000 after buying an additional 866 shares in the last quarter. Victory Capital Management Inc. lifted its position in Coursera by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after buying an additional 1,029 shares in the last quarter. Aviva PLC lifted its position in Coursera by 7.5% during the 3rd quarter. Aviva PLC now owns 23,077 shares of the company’s stock worth $431,000 after buying an additional 1,607 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Coursera by 10.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 21,129 shares of the company’s stock worth $409,000 after buying an additional 1,942 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Price Performance

Shares of COUR stock opened at $11.97 on Friday. The stock has a market cap of $1.88 billion, a PE ratio of -15.55 and a beta of 1.48. The stock has a 50-day moving average of $14.16 and a 200-day moving average of $17.31. Coursera, Inc. has a one year low of $10.27 and a one year high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $168.88 million during the quarter, compared to analysts’ expectations of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. As a group, research analysts anticipate that Coursera, Inc. will post -0.47 earnings per share for the current year.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,864 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.54, for a total value of $96,990.56. Following the completion of the sale, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the completion of the transaction, the chief accounting officer now directly owns 240,159 shares in the company, valued at approximately $2,881,908. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the completion of the transaction, the senior vice president now owns 167,798 shares of the company’s stock, valued at $2,775,378.92. The disclosure for this sale can be found here. Insiders sold a total of 653,932 shares of company stock valued at $10,054,814 in the last ninety days. 16.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on COUR shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $26.00 price target on shares of Coursera in a research report on Wednesday, April 17th. Truist Financial upped their price target on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. William Blair reiterated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Morgan Stanley reduced their price target on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Finally, KeyCorp dropped their price objective on Coursera from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and an average price target of $21.70.

About Coursera

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.