Balyasny Asset Management L.P. Acquires New Holdings in Coursera, Inc. (NYSE:COUR)

Balyasny Asset Management L.P. acquired a new stake in Coursera, Inc. (NYSE:COUR) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 120,508 shares of the company’s stock, valued at approximately $1,024,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COUR. SBI Securities Co. Ltd. bought a new position in Coursera in the 4th quarter valued at approximately $35,000. KBC Group NV lifted its stake in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the last quarter. Bank of Nova Scotia bought a new position in Coursera in the 4th quarter valued at approximately $96,000. New York State Teachers Retirement System bought a new position in Coursera in the 4th quarter valued at approximately $107,000. Finally, Cibc World Markets Corp bought a new position in Coursera in the 4th quarter valued at approximately $109,000. Institutional investors own 89.55% of the company’s stock.

Insider Buying and Selling at Coursera

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

Coursera Stock Up 1.7%

COUR opened at $9.10 on Wednesday. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $11.74. The company has a fifty day moving average of $7.40 and a 200-day moving average of $7.84. The stock has a market cap of $1.47 billion, a PE ratio of -17.50 and a beta of 1.38.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $179.30 million during the quarter, compared to analysts’ expectations of $175.60 million. During the same period in the prior year, the company posted $0.07 earnings per share. Coursera’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COUR shares. UBS Group raised their price target on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $12.00 price target on shares of Coursera in a research note on Tuesday, April 22nd. Finally, Bank of America reaffirmed an “underperform” rating and set a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.31.

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.