Wexford Capital LP Invests $103,000 in Coursera, Inc. (NYSE:COUR)

Wexford Capital LP bought a new position in Coursera, Inc. (NYSE:COUR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 12,136 shares of the company’s stock, valued at approximately $103,000.

A number of other large investors have also recently made changes to their positions in COUR. Vanguard Group Inc. grew its holdings in Coursera by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company’s stock valued at $103,251,000 after purchasing an additional 440,948 shares during the last quarter. Norges Bank bought a new position in Coursera during the 4th quarter valued at about $17,010,000. Ameriprise Financial Inc. grew its holdings in Coursera by 253.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company’s stock valued at $12,107,000 after purchasing an additional 1,020,969 shares during the last quarter. Northern Trust Corp grew its holdings in Coursera by 12.7% during the 4th quarter. Northern Trust Corp now owns 1,280,107 shares of the company’s stock valued at $10,881,000 after purchasing an additional 144,577 shares during the last quarter. Finally, Senvest Management LLC grew its holdings in Coursera by 89.0% during the 4th quarter. Senvest Management LLC now owns 1,214,798 shares of the company’s stock valued at $10,326,000 after purchasing an additional 571,992 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COUR has been the topic of several analyst reports. UBS Group upped their price target on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.31.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.80% of the company’s stock.

Coursera Stock Performance

NYSE COUR opened at $8.76 on Tuesday. The firm’s 50 day moving average price is $7.54 and its 200-day moving average price is $7.89. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $11.74. The company has a market cap of $1.41 billion, a PE ratio of -16.85 and a beta of 1.38.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The firm had revenue of $179.30 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period last year, the firm earned $0.07 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Coursera Company Profile

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.