Key Points
- Pale Fire Capital SE purchased 1 million Coursera shares at an average price of $4.61, investing $4.61 million and increasing its position by 3.6% to 28.8 million shares. The shareholder also bought 1.33 million shares for $6.74 million on September 25.
- Coursera’s latest quarterly results exceeded expectations, with EPS of $0.17 versus the $0.10 estimate and revenue of $298.6 million, up 59.6% year over year. However, the company reported a negative net margin of 15.39%.
- Analysts maintain a “Moderate Buy” consensus, with an average price target of $8.55 compared with the stock’s recent price near $4.65. Institutional investors own approximately 89.55% of Coursera’s shares.
Coursera, Inc. (NYSE:COUR - Get Free Report) major shareholder Pale Fire Capital Se bought 1,000,000 shares of the firm's stock in a transaction on Tuesday, September 29th. The shares were bought at an average price of $4.61 per share, for a total transaction of $4,610,000.00. Following the completion of the transaction, the insider directly owned 28,806,415 shares in the company, valued at approximately $132,797,573.15. This represents a 3.60% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Pale Fire Capital Se also recently made the following trade(s):
- On Friday, September 25th, Pale Fire Capital Se purchased 1,332,742 shares of Coursera stock. The stock was bought at an average price of $5.06 per share, with a total value of $6,743,674.52.
Coursera Stock Up 0.2%
Shares of NYSE COUR opened at $4.65 on Wednesday. Coursera, Inc. has a 52 week low of $4.53 and a 52 week high of $12.20. The firm has a 50-day moving average price of $5.62 and a 200 day moving average price of $5.67. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -6.94, a price-to-earnings-growth ratio of 0.58 and a beta of 1.26.
Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $293.61 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm's revenue was up 59.6% on a year-over-year basis. Equities research analysts expect that Coursera, Inc. will post 0.16 EPS for the current fiscal year.
Analyst Ratings Changes
COUR has been the topic of a number of research reports. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a report on Saturday, September 19th. The Goldman Sachs Group raised Coursera from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $5.50 to $6.50 in a report on Monday, August 3rd. Royal Bank Of Canada reiterated an "outperform" rating and set a $7.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Zacks Research lowered Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday, August 24th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Coursera in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Coursera has a consensus rating of "Moderate Buy" and an average target price of $8.55.
Read Our Latest Report on COUR
Institutional Trading of Coursera
Several institutional investors and hedge funds have recently modified their holdings of COUR. Bank of America Corp DE purchased a new position in shares of Coursera during the 2nd quarter worth approximately $7,887,000. Deutsche Bank AG acquired a new position in shares of Coursera during the 2nd quarter worth approximately $9,848,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Coursera during the 2nd quarter worth approximately $1,579,000. Great Lakes Advisors LLC purchased a new stake in Coursera in the 2nd quarter valued at approximately $3,262,000. Finally, Pale Fire Capital SE grew its holdings in Coursera by 94.4% during the 2nd quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company's stock valued at $115,242,000 after buying an additional 9,921,347 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.
About Coursera
(
Get Free Report)
Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.
Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor's and master's degree programs, and workforce development solutions designed to help organizations train employees and other learners.
Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.
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