Pale Fire Capital SE Acquires 9,921,347 Shares of Coursera, Inc. $COUR

Pale Fire Capital SE grew its stake in shares of Coursera, Inc. (NYSE:COUR) by 94.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,432,950 shares of the company’s stock after acquiring an additional 9,921,347 shares during the period. Coursera makes up approximately 3.1% of Pale Fire Capital SE’s portfolio, making the stock its 5th largest position. Pale Fire Capital SE owned about 0.08% of Coursera worth $115,242,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Deutsche Bank AG acquired a new position in Coursera in the 2nd quarter valued at about $9,848,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Coursera during the second quarter worth about $1,579,000. Great Lakes Advisors LLC acquired a new position in shares of Coursera in the second quarter valued at approximately $3,262,000. Invenomic Capital Management LP grew its stake in Coursera by 207.3% in the 4th quarter. Invenomic Capital Management LP now owns 906,224 shares of the company’s stock worth $6,670,000 after acquiring an additional 611,325 shares during the period. Finally, BlackRock Inc. acquired a new position in Coursera in the 2nd quarter valued at $116,245,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

COUR opened at $6.13 on Thursday. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $12.32. The stock’s 50 day moving average price is $5.79 and its 200 day moving average price is $5.80. The stock has a market cap of $1.62 billion, a P/E ratio of -9.15, a P/E/G ratio of 0.78 and a beta of 1.26.

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, topping the consensus estimate of $0.10 by $0.07. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The firm had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The firm’s quarterly revenue was up 59.6% compared to the same quarter last year. Equities analysts anticipate that Coursera, Inc. will post 0.16 EPS for the current year.

Coursera declared that its board has authorized a stock repurchase program on Monday, May 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 55.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 9,139 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president directly owned 236,237 shares of the company’s stock, valued at $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. Bank of America reduced their target price on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Zacks Research downgraded Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $7.00 price objective on shares of Coursera in a research note on Wednesday, June 24th. Finally, Weiss Ratings upgraded Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and a consensus target price of $8.55.

About Coursera

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.